Important changes from 1 July 2017
From 1 July 2017, the tax exempt status of investment income in the Transition to Retirement (TTR) phase or Early Access to Super (EATS) will be removed. This means that investment earnings on TTR/EATS pensions will be taxed at up to 15%. This change will apply irrespective of when the transition to retirement income stream commenced.
As a result of the above change, Super SA will have two sets of unit prices, from 1 July 2017:
- Income Stream unit prices for investors who are in the retirement phase.
- Transition to Retirement (TTR) unit price for investors who are in the TTR phase as part of a TTR or EATS arrangement.