What are the tax benefits of a TRIS?

Up to 30 June 2017, generally all investment income and capital gains earned within the pension account are tax free.  In other words, earnings on assets supporting the TRIS are tax free. From 1 July 2017, the tax exemption on earnings supporting a TRIS will be removed, and earnings will generally be subject to a tax rate of 15% (effective for the 2017/18 financial year).

It should be noted, however, that certain types of income (eg, taxable contributions and certain private company dividends) are never exempt from tax, even in a pension fund.