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Notes Online Home 2019 Super Schools Day 1 New developments affecting the payment of benefits from SMSFs
This chapter investigates the new developments affecting the payment of benefits from SMSFs under the following broad headings:
• SMSF trustees challenge the ATO’s tax treatment of early super withdrawals
• Government set to extend and tighten the ‘compassionate grounds’ condition of release
• Proposed changes to the ‘severe financial hardship’ condition of release
• The latest ATO guide for TRISs that move into retirement phase – exempt TRISs
• New ATO guidelines for pension withdrawals that exceed the minimum pension amount
• Updated ATO valuation guidelines for SMSF assets supporting a pension
• Recent decision highlights the difficulty with parents seeking a child’s super death benefits
• ATO highlights the dangers of not paying the minimum pension for reversionary pensions
• The latest guide to the $100,000 income cap for Capped Defined Benefit Income Streams