Jargon buster



N

Non-commutable income stream: A non-commutable income stream is one that pays a regular income from your super, but does not allow lump-sum withdrawals.

Non-concessional contributions: A contribution that is made from your after-tax income (as opposed to your employer's contributions, which are made before-tax is deducted). It is also known as a personal contribution.

Notional service: If you die or become permanently disabled, notional service is used to work out the potential number of equivalent months of service you would have worked until you turned 60 (Gold State Super only).

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