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Notes Online Home 2017 Super Schools Day 2 Pension planning strategies
NEW rules create tax hit for taxpayers who partially commute super pensions
In this area of the notes, we discuss the new rules that create tax hits for taxpayers who partially commute super pensions:
- New tax treatment of lump sum payments that arise from the partial communication of a pension
- Commuted lump sums no longer count towards minimum pension payments
- NEW rules create a disaster for members partially commuting a pension to take a lump sum!
- Many SMSFs will forfeit the pension asset exemption – Don’t be caught out!