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 trustees unfairly targeted by super tax illiterates

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Some leaders in the superannuation sector and in some economic think tanks are ignorant about SMSFs, including how the super tax rules work generally. Yet we have numerous pronouncements by various individuals and organisations about SMSFs not paying tax, or SMSF trustees not having the skills to … [Read more...]

Guest contributor: Taxing pension earnings, and benefits, will deliver minimal tax revenue

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Note: the Financial System Inquiry final report suggests that super pension fund earnings should be taxed, rather than continue to receive tax-exempt status. Why? So it will reduce costs for super funds, but it most certainly will increase costs for fund members, and significantly reduce retirement … [Read more...]

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

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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...]

SMSF investment: Franked dividends lose some shine from 1 July 2015

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The Liberal government has committed to reducing company tax to 28.5%, effective from 1 July 2015 (subject to legislation). If the company tax rate drops to 28.5%, so does the level of franking credits linked to Australian company dividends. The policy to cut company tax was originally linked to … [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...]