Go-To Guide: Pensions in an SMSF

Written by Tim Miller SSA, Education Manager, SuperGuardian

This Pensions Go-To Guide is a comprehensive toolkit that is aimed at helping you review existing pension arrangements, as well as contemplate new ones, to determine the best outcomes for your SMSF clients and their beneficiaries. 

The key issues you need to be abreast of when dealing with account-based pensions including in this Go-To Guide include:

  • Key legislative and regulatory principles that need to be complied with to ensure concessional tax treatment for the SMSF and its members.
  • The impact of the Transfer Balance Cap and the restrictions placed on how much a member can use to support a retirement phase income stream.
  • Opportunities that a transition to retirement income stream can provide post 1 July 2017 and the associated issues that can arise.
  • The need to assess whether a client is better off with one pension or multiple pensions, drawing pension income or lump sum benefits.
  • The importance of considering succession plans and whether reversionary pensions are appropriate, plus much more.

At the time of publishing, the contents of this resource were accurate and correct.

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