Guides and reference

Glossary

• ECPI — Exempt current pension income: eligible income of a complying superannuation fund that supports retirement-phase income streams.
• Proportionate method — A method that uses an actuarially determined ratio of average pension liabilities to average total superannuation liabilities.
• Segregated assets — Assets that support specified retirement liabilities, held separately from other fund assets under the applicable rules.
• DSFA — Disregarded small fund assets: statutory rules that can stop assets being treated as segregated.
• TRIS — Transition-to-retirement income stream. Its retirement-phase status must be established; the name alone does not prove it.
• Commutation — Converting all or part of a pension entitlement to a lump sum. It is different from an ordinary pension payment.