Pension phase

Pension phase is the period during which a super fund pays an income stream or pension. The alternative to a pension phase is the accumulation phase.

Set out below are all SuperGuide articles explaining Pension phase.

SMSF pension earnings remain tax-free after death

SMSF pension earnings remain exempt from tax until a superannuation death benefit is paid to a dependant, or paid to the deceased member’s estate.The tax exemption on pension earnings remains in place regardless of whether the death benefit is paid as a lump sum, or as a pension, provided the … [Read more...]

Super for Beginners (25 Q&As)

One of SuperGuide’s more popular initiatives has been the development of a ‘Super for Beginners’ section that answers some of the many questions that we receive from those readers who are new to superannuation and new to super’s terminology.The series currently consists of several lead articles, … [Read more...]

Super for beginners, part 16: Tax-free twice

Q: I am confused. When I retire and I am over 60 I receive tax-free super benefits. Someone has told me that I also get other tax-free stuff. Can you tell me what that is?In terms of retirement and superannuation, when you reach 60 and start a retirement income stream (super pension) you get two … [Read more...]

Super for beginners, part 17: Four must-knows about super’s tax rules

Q: I am trying to understand how my super is taxed and it seems that it is taxed at every turn. Can you please explain when, and how, a super benefit is taxed?A: If it were not for tax, superannuation wouldn’t exist. You would simply invest in your own name. Superannuation is taxed at lower … [Read more...]

Tax-free super for over-60s, except for some

If you withdraw your super benefits after you turn 60 years of age, you can expect to pay NO tax on those super benefits, unless you are a member of certain public sector super funds (see summary table at the end of this article).Due to the large number of emails I receive on this topic, I’ll … [Read more...]

Super pensions: Starting a TRIP takes planning

Quoting author Mark Twain, “Age is an issue of mind over matter. If you don’t mind, it doesn’t matter”.Humour aside, apparently the term ‘pension’ can trigger a negative reaction for some baby boomers. Many baby boomers don’t even like the relatively inclusive term of ‘seniors’ because this term … [Read more...]

SMSF confidential:
the inside story on DIY super funds

Note: The ATO publishes an annual report about SMSFs for each financial year. This article covers the ATO’s 2012-2013 statistical review of SMSFs (released in December 2014). This report also contains data for the 2013-2014 year. The annual report for the 2013-2014 year will be available in December … [Read more...]