The Australian Government has made it easier for complying income streams to be rolled over and still retain the assets test exemption. As from 20 September 2007, a term allocated pension (TAP) can be rolled over to a new provider and retain its 50 per cent asset test exemption, so long as the assets that underpinned the previous TAP are used to acquire the new TAP's assets. Lifetime or life expectancy complying income streams are harder to roll over and retain the asset test exemption, although there is some provision for the exemption to apply if the income stream comes from a self-managed superannuation fund.
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