Allocated Pension versus Account Based Pension Allocated Pensions is a partially outdated term that refers to an income stream provided by accumulated superannuation funds upon retirement. This type of pension was prevalent within an industry super fund, retail super...
ATO clarifies minimum shortfall rules for pensions Have you met the minimum pension payment for the financial year? In the Draft Taxation Ruling 2010/D3 the ATO proposed a position that if a superannuation fund did not meet the minimum pension payments for a member in...
Are you “Retired” by the definition to set up a Pension? There are two types of Pensions you can set up in a SMSF which are Account Based Pension & Transition to Retirement Pension. Many clients are confused as to which Pension they should start. However, the fact...
