Transition-to-retirement pensions: Strategies and benefits
Thursday 26 October 2023 at 11:00 am AEDT
In this webinar, Garth will take you through the key benefits of using a transition to retirement pension; from tax planning to achieving better estate planning outcomes. This webinar is a must for all readers approaching or considering retirement.
Is your fund paying a retirement phase pension? Do any of the fund members have a transfer balance account? Have there been any transfer balance events? Remember, the requirement to report transfer balance account events no longer depends on the size of your members’ super balances. All unreported events that affect any of your members transfer balance accounts that occurred before 30 September 2023 must be reported by this date. This means you cannot report at the same time as your SMSF annual return (SAR) for the 2022–23 income year.
Read more about the kinds of transfer balance events that need to be reported.
BAS due if your fund is registered for GST. Note that if you use a tax agent to lodge your activity statements, then your agent may have access to the agent lodgement concession which will push your due date to 25th November 2023.
You need to lodge your annual return and auditor’s report by this date if you are a first timer or were a late filer last year.
Important: All information on SuperGuide is general in nature only and does not take into account your personal objectives, financial situation or needs. You should consider whether any information on SuperGuide is appropriate to you before acting on it. If SuperGuide refers to a financial product you should obtain the relevant product disclosure statement (PDS) or seek personal financial advice before making any investment decisions.