Many Different Income Streams

Most Australians use one retirement income stream. There are others worth knowing about.
The account based pension is the most common, and for good reason. From age 60, super in pension mode is tax free, with up to $2.1 million per individual able to sit in pension phase from next year.
But lifetime annuities and other income stream products can offer Centrelink benefits and protect against the risk of outliving your savings.
Understanding your options before you retire matters.
General advice only, consider speaking with a financial adviser about what is right for your situation.

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