- Technically Speaking
- Pensions
As the end of another financial year approaches, trustees of SMSFs paying retirement income streams should be taking steps to reconcile pension payments made during the relevant year.
It is critical to confirm that the minimum pension standards for each retirement phase income stream are satisfied annually, by 30 June, and that no underpayment occurs.
The contents of this resource are taken to be correct at the time of publication.
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The SMSF Association Technically Speaking is worth 1 CPD hour (SMSF Association accredited) and 1 legislated CPD hour under the Technical Competence, Regulatory Compliance and Consumer Protection, and Tax (Financial) Advice categories.
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Disclaimer: Technical Papers contain factual information only and are prepared without considering particular objectives, financial circumstances and needs. The information provided is not a substitute for legal, tax and financial product advice. The information contained in this document does not constitute advice given by the SMSF Association to you. If you rely on this information yourself or to provide advice to other persons, then you do so at your own risk. The SMSF Association is not licensed to provide financial product advice, legal advice or taxation advice. We recommend that you seek appropriate professional advice before relying upon the information in this technical paper. While the SMSF Association believes that the information provided is accurate, no warranty is given as to its accuracy and persons who rely on this information do so at their own risk. The information provided in this paper is not considered financial advice for the purposes of the Corporations Act 2001. © SMSF Association