All superannuation members have an interest in their superannuation fund. For self-managed superannuation fund (SMSF) members, these interests are a single accumulation interest and/or single or multiple pension interests.
This module defines an interest is an SMSF and explains the preservation status of a members’ benefit.
The module also considers the conditions of release that a member must satisfy to access money from their superannuation interest.
On completing this module, you should be able to:
- calculate a member’s tax-free and taxable components in an interest
- describe the various preserved benefits
- identify and discuss the various conditions of release that apply
- describe the cashing restrictions that apply to certain conditions of release.
SMSF Advice - Members' interest and preservation standards