After more readings, some superfund sites mentioned that "....the TBA will change using a system of debits and credits, with debits reducing the TBA, debits such as commuting some of the existing income stream monies but not pension payments..." So, for the example above, his resultant TBA is still $1M if he moves back the $300K from his Accumulation Account to his Income Account. Am I correct?
- Forums
- Economics
- What is Transfer Balance Account?
What is Transfer Balance Account?, page-2
Featured News
Featured News
The Watchlist
P.HOTC
HotCopper
Frazer Bourchier, Director, President and CEO
Frazer Bourchier
Director, President and CEO
SPONSORED BY The Market Online