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Outline briefly the key features of Account-based (Allocated) pensions and also explain the following items as they relate to this type of superannuation pension account:
Outline briefly the key features of Account-based (Allocated) pensions and also explain the following items as they relate to this type of superannuation pension account:
Longevity risk
Any minimum or maximum annual drawdown amount
Eligibility to start drawing a superannuation pension
The assessment by Centrelink of the capital balance and the income drawn from this type of superannuation account
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