Certain requirements need to be satisfied before an SMSF member can consider commencing a transition-to-retirement income stream.

A legacy pension amnesty and extension of the temporary absence rule are critical measures the government should introduce. 

The recent decision handed down in the Hill v Zuda case should encourage SMSF trustees to review their death benefit nominations more often.

An election promise of no new taxes on superannuation may lead to legacy pension reserves being untaxed when commuted under a proposed amnesty.