When advising a client on a transition to retirement income stream (TRIS), which of the following statements is correct under current legislation?
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A
Investment earnings in a TRIS are tax-free regardless of commencement date
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B
A TRIS is always in retirement phase and attracts a tax-free earnings rate
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C
A TRIS only enters retirement phase once the member satisfies a full condition of release
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D
Minimum annual drawdown for a TRIS is 2% of the account balance