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Problem 1: Which of the following is correct in relation to Transition to Retirement strategies?
Select one:
a. It is possible for a 59 year old to salary sacrifice into his accumulation account and draw an income stream of up to 10% p.a. from his pension account.
b. It is possible for a 66 year old to salary sacrifice to his accumulation account and also have a pension account as long as the pension income is within the 10% p.a. maximum amount.
c. It is not possible for superannuation members to have both accumulation and pension accounts as their superannuation balance must be held in one phase or the other.
d. It is possible for a 60 year old employee to salary sacrifice into her accumulation account and draw down as much as possible from her pension account.
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