Providing a regular income and tax advantages.

Income streams are a regular series of payments made to you directly from accumulated superannuation contributions or purchased using either superannuation or ordinary monies. Income streams have become increasingly popular with retirees, because as well as providing a regular income, they can also provide tax advantages and a better social security outcome.

Income streams are generally available as either pensions or annuities. The main difference between a pension and an annuity is the provider:

• Pensions are generally provided by superannuation funds. They can generally only be purchased with accumulated superannuation monies.
• Annuities are provided by life insurance offices, friendly societies or trade unions. They can generally be purchased with accumulated superannuation monies, or with non-superannuation (ordinary) monies.

D & C Financial understand the complexity and importance of Income Streams in retirement. We can provide sound advice regarding the different types of pension and annuities on the market that would suit your specific situation and offer the most competitive positioning for tax and social security benefits.