Re-think Treatment of Amounts in Excess of Minimum
Prior to 1 July 2017, as a general rule, where an individual was age 60 or over and wanted to draw...
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Event Based Reporting
With the 1 July 2017 introduction of the $1.6m Transfer Balance Cap (or “pension cap” as some...
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Market Linked Pensions - PAYGS & untaxed offset
Must the fund issue a PAYG summary? Does the individual need to report the payments in their...
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Eeeek! My client just got an Excess Transfer Balance Determination!
The majority of SMSFs lodged their Transfer Balance Reports to report the 30 June 2017 value of the...
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New and interesting scenarios where an actuarial certificate is required for ECPI
From 1 July 2017 some funds providing retirement phase pensions are no longer allowed to be...
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Pension planning for 30 June 2018
Winter has arrived and that means it is time to get all our pre-30 June planning finalised.
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My client’s husband died in March 2018. On his death, his account based pension automatically reverted to her. When will the value of this pension count towards her Total Superannuation Balance?
Your client became the “owner” of the pension on the day of her husband’s passing. This means the...
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My client is currently in receipt of a transition to retirement income stream (TRIS). He will turn 65 next month. Does his TRIS automatically become an account based pension on his 65th birthday?
And is the minimum pension for the current year recalculated on his 65th birthday? ...
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Death and transfer balance cap reporting
A question that has already come up in our practice several times relates to clients who died before
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TBAR deadlines for SMSFs - the final verdict
The timing of TBARs (Transfer Balance Account Reports) for SMSFs has been hotly debated ever since...
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