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.

Parental leave policy dilutes franking credits on dividends

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SMSF trustees and other direct share investors, and all members of large super funds, will indirectly help finance the government’s proposed parental leave policy. The 2014 Federal Budget announced that  proposed parental leave policy will provide women with 6 months paid leave at current salary, … [Read more...]

SMSF pension: After making super contributions, when can I convert to another pension?

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Q: I am 67 and work part time, so I qualify to make concessional contributions to our SMSF. I am already receiving an account based pension from my SMSF. The new contributions I make will have to go into an accumulation account. How long do I have to wait before our SMSF can pay another account … [Read more...]

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

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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 number of emails I have received about this topic, I’ll … [Read more...]

SMSFs: How do I calculate CGT on an asset sale?

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Q: If I purchased a rental property in my SMSF for say $200,000 five years ago and the house is now valued at $300,000 in the SMSF what will be the capital base for the calculation of future capital gains tax (CGT) if I sell the house? Will it be the original $200,000 or the $300,000? A: I am … [Read more...]

SMSFs: Selling a property asset and CGT

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Q: If my self-managed super fund (SMSF) owns an investment property, and the SMSF later sells the property, what is the amount of capital gain tax payable by the SMSF? A: Before I respond, please note that anyone considering the tax implications of a strategy or investment decision should speak … [Read more...]

Super pensions: Starting a TRIP takes planning

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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 already apply to the parents of baby boomers. By deduction, any term that already applies to Australians in their … [Read more...]