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Notes Online Home 2018 Super Schools Day 1 New developments affecting the payment of benefits from an SMSF
Latest guide to paying the minimum annual pension amount under the recent reforms
In this chapter of the notes, we discuss the latest guide to paying the minimum annual pension amount under the recent reforms. Specifically:
- Background to the minimum annual pension amount
- Minimum annual pension amount is not affected by the $1.6 million Transfer Balance Cap (‘TBC’)
- Hidden trap for partially commuted pensions and the minimum pension requirement under new rules
- Pension benefit drawdowns and a fund member’s Transfer Balance Account (‘TBA’)
- Failing to pay the total minimum pension amount for an income year under the recent reforms