Pensions: The past, the present and the future

National Conference 2020 – Technical Paper

With the Transfer Balance Cap (TBC) now part of any retirement & estate planning strategy, it’s important to have a good understanding of what pension strategies still work, what strategies need to be revisited and which ones are no longer feasible.

Explore how pensions should be managed in the present, taking into account the introduction of the TBC, the new Transfer Balance Account Reporting (TBAR) regime and important changes to ECPI. Additionally, look at how to manage pensions on the death of a member to optimise wealth for the future.

The contents of this resource are taken to be correct at the time of publication.

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