The Main Difference Between Transition to Retirement Income Streams (TTR)

question 3

Multiple Choice

The main difference between transition to retirement income streams (TTR) and account-based pensions relate to:

• A) a lower maximum annual income drawdown for TTRs.
• B) a lower minimum annual income drawdown for TTRs.
• C) the capital balance of TTRs cannot be commuted until the superannuant reaches preservation age.
• D) both a and c

---

Definitions:

Skin Lesion

Any noticeable change in the skin's condition, including bumps, discoloration, or areas of swelling, which can indicate a wide range of health issues.

Tumor

An abnormal mass of tissue that forms when cells grow and divide more than they should or do not die when they should.

Irregular Ragged

Characterized by a rough or uneven edge or surface, often found in a description of wounds or fabrics.

Melanoma

A type of skin cancer that originates from melanocytes and is noted for its ability to spread rapidly to other parts of the body.