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Notes Online Home 2015 Super Schools Day 1 Latest Developments with Paying Benefits from an SMSF
Latest compliance guide to paying a pension an ABP and a TRIS from an SMSF
In this area of the notes, we outline the latest compliance guide to paying either an ABP or a TRIS pension from an SMSF. In particular, the following:
- Identifying whether an ABP and a TRIS qualify as a complying pension – satisfying the pension standards
- What are the consequences where an ABP or a TRIS does not qualify as a complying pension?
- The requirement to pay a pension under the rules of the fund – proper documentation is essential!
- Hidden trap with making a single pension payment for only one year when stopping and re-starting a pension
- ATO clarifies actuarial certificate requirements for segregated assets in the first year of a pension
- Practical compliance tips and traps with calculating and paying the minimum annual pension amount