TRISs and Traps
by the Cleardocs Team
From 1 July 2017, the tax exemption for transition to retirement income streams (TRIS) will end. That change was effected by the superannuation reforms which became law on 29 November 2016 (2017 Superannuation Reforms).
The change raises an issue about whether and how a TRIS can become a 'retirement phase' income stream when the pensioner satisfies the relevant condition of release. On 12 April 2017 the Federal Government released its exposure draft legislation, which proposes technical amendments (Draft Amendments) to resolve that issue.
Read the full story at the Clearlaw legal bulletin at Cleardocs.