Why compulsory annuities won’t suit SMSFs

Calls to introduce compulsory super annuities won’t thrill SMSF trustees.

A considerable number of voices believe it’s one of the last great reforms needed to get Australia’s superannuation system up to world’s best.

Compulsory annuities: When you hit retirement age – or some defined qualifying age – you are then required to use some, or all, of your superannuation to purchase an income stream.

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