Annuity type products will get a boost from the budget. From http://budget.gov.au/2016-17/content/glossies/tax_super/html/
Rules and regulations currently restrict the development of new retirement income products. These products could provide more flexibility and choice for Australian retirees, and help them to better manage consumption and risk in retirement. They can be of particular benefit for those who are concerned that they might outlive their superannuation fund savings.
As a result, the Government will remove barriers to innovation in the creation of retirement income products. From 1 July 2017, the tax exemption on earnings in the retirement phase will be extended to products such as deferred lifetime annuities and group self-annuitisation products
Annuity type products will get a boost from the budget. From...
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