Quantcast
Subscribe to our newsletter

Budget opens way for deferred lifetime annuities

Annuities provider Challenger has thrown its support behind the government's commitment in the federal budget to remove tax impediments to products that provide pooled longevity risk, such as deferred lifetime annuities (DLAs).

Budget opens way for deferred lifetime annuities
smsfadviser logo
  • Shared by InvestorDaily
  • May 06, 2016
share this article

The new rules will permit a range of options to suit retirees and superannuation funds, with DLAs able to be bought pre-retirement on retirement or post-retirement, with either a single or multiple premiums, Challenger said in a statement.

Read the full story at InvestorDaily.

Receive the latest Public Accountant news,
opinion and features direct to your inbox.

related articles