Super Reform: What SMSFs absolutely need to consider before 30 June

Transition to Retirement Pensions

Transition to retirement pensions will not qualify for any earnings tax exemption from 1 July 2017. All earnings on transition to retirement pension assets will be taxed at the standard super fund tax rate of 15%. A transition to retirement pension is generally a pension received by someone between the ages of 55 to 65…

Super Reform: What SMSFs absolutely need to consider before 30 June

Pension Balance Transfer Cap ($1.6m) – how it works

The government recently released the second tranche of proposed superannuation changes covering the pension transfer balance cap, concessional contribution changes, catch-up concessional contributions and the removal of the earnings tax exemption for transition to retirement pensions.  We provide the following information on the issues surrounding the pension balance transfer cap. What is the pension transfer balance…