News : Pensions

ATO, Compliance & Regulation, Pensions

Do not rely on pension breach discretion

Relying on having the ATO exercise its discretionary powers to waive a breach of the pension payment standards is not a dependable strategy.

Relying on having the ATO exercise its discretionary powers to waive a breach of the pension payment standards is not a dependable strategy.

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Commercial Property, Investments, Pensions, Residential Property, Retirement Income

Pension properties can be inadequate

The rise in minimum pension amounts may outstrip income from real estate, requiring trustees to re-examine liquidity issues as they age.

The rise in minimum pension amounts may outstrip income from real estate, requiring trustees to re-examine liquidity issues as they age.

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Compliance & Regulation, Legislation, Pensions

Call to amend minimum pension approach

A legislative amendment should be made to deal with the need to recalculate pensions that have failed to make minimum payments.

A legislative amendment should be made to deal with the need to recalculate pensions that have failed to make minimum payments.

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Compliance & Regulation, Contributions, Legislation, Pensions, Regulation

General TBC to rise in 2026

The general transfer balance cap will undergo its third increase in four years after inflation spiked at the end of last year.

The general transfer balance cap will undergo its third increase in four years after inflation spiked at the end of last year.

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Administration, Compliance & Regulation, Pensions

ATO pension relief not likely

The probability of a successful application to the ATO to rectify a breach of the pension payment standards is very low.

The probability of a successful application to the ATO to rectify a breach of the pension payment standards is very low.

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Pensions, Retirement, Superannuation

Retirement savings level quantified

The latest analysis into superannuation has revealed the extent to which inflation has impacted the mount of savings a person needs in retirement.

The latest analysis into superannuation has revealed the extent to which inflation has impacted the amount of savings a person needs in retirement.

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Pensions

Legacy pension relief approved

legacy pensions, five-year amnesty, tax-free commutation, legislative instrument, regulations, pension reserve, reserve allocations, self managed superannuation, self managed super, SMSF

Government plans to allow the commutation of legacy pensions are now in force after proposed changes were given royal assent this month.

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Pensions, Tax

Legacy pension exits linked to Div 296 bill

Legacy pensions Division 296 bill Colonial First State Craig Day SMSF Self-managed superannuation

A plan to allow legacy pension exits may be derailed if the Division 296 tax does not become a reality as the former is designed to ease the application of the latter.

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Compliance & Regulation, Pensions

TRIS strategy seen as a compliance concern

TRIS ATO Pension Strategy Transition-to-retirement

Starting and stopping a transition-to-retirement income stream multiple times in one year may trigger compliance issues for an SMSF.

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Legislation, Pensions

Legacy pension fix announced

Legacy pensions Reserve allocations Stephen Jones

The government has released plans to address outstanding issues with legacy pensions including the ability to extinguish associated reserves.

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