When a TRIS is commenced the income stream commences with a pre-determined amount from a member’s accumulation account. However where the member keeps on contributing to their accumulation account the new contributions do not get added. By folding back the TRIS, the member can increase the amount ready for a new TRIS and thus enable them to take 10% of the new TRIS as an income stream in the year of income. A TRIS Foldback is exclusive to LightYear Docs.
► $129.00 (inc GST) – OR provided under your unlimited membership (exc ASIC fee)
► The master document has been signed off by Abbott & Mourly and is congruent with Australian law.