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Allocated Pension versus Account Based Pension

Allocated Pension versus Account Based Pension

by sjtmdwns | Jan 31, 2018 | SMSF Pension

Allocated Pension versus Account Based Pension Allocated Pensions is a partially outdated term that refers to an income stream provided by accumulated superannuation funds upon retirement.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

by admin | May 13, 2014 | ATO, Draft taxation ruling, SMSF Pension

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?

by admin | Dec 16, 2013 | SMSF Pension

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...

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Disclaimer: SuperHelp Australia Pty Ltd is not licensed to provide advice on investments, or legalities of the types of investments that you can have. We recommend that you seek professional advice from an AFSL holder before making any investment choice or decision including establishment of a SMSF.