Choosing the Right Retirement Income Stream

When you retire, you need to ensure you receive a regular income. One way to do this is by choosing the right retirement income stream product. Retirement income stream products are special financial products designed to pay retirees a regular income stream.

This income stream is often a flexible way to access your superannuation savings in the form of income, while the balance stays invested.

Importantly retirees do not have to pay annual income tax on earnings from the first $1.6 million of their superannuation savings, while anything above that is taxed at only 15%.