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Notes Online Home 2017 Tax Schools Day 2 An NTAA guide to the new $1.6 million pension asset reforms
In this chapter of the notes we outline an NTAA guide to the new $1.6 million pension asset reforms:
These updates are examined under the following broad headings:
- An ‘A to Z’ guide to the NEW $1.6 million Transfer Balance Cap (‘TBC’)
- Applying the transfer balance cap to a death benefit pension
- Special rules apply where a death benefit pension is paid to a child
- Dealing with a fund member’s transfer balance cap following divorce
- Transitional CGT relief for SMSFs paying an ABP
- Unsegregated method now mandatory for some SMSFs from 1 July 2017
- Dealing with SMSFs paying a TRIS under the NEW rules