As you approach retirement, you need to consider what you want to do with your super – lump sum, income stream or a bit of both.
Definitive guide to the Transfer Balance Cap
The transfer balance cap is about to increase. Are you ready?
SMSFs: What is an actuarial certificate, and how much do they cost?
An actuarial certificate is a document that certifies how much of a SMSF’s earnings are derived from its members’ accumulation phases and retirement phases.
Commuting an SMSF allocated pension
Younger retirees might like to consider moving their funds back into accumulation phase for the time being.
SMSFs: How to start a pension
One of the benefits of having a self-managed superannuation fund (SMSF) is its ability to pay members an income stream, or account-based pension. Of course any superannuation fund can do this, but paying a pension from an SMSF offers members more control and flexibility.
What SMSF trustees need to know about ECPI
Self-managed superannuation funds offer members some useful advantages when it comes to paying pensions. One such benefit refers to the treatment of income earned on assets that are supporting a pension, called exempt current pension income or ECPI.
Proportioning rule and super tax: What it is and why it matters
When it comes to your super benefits, tax is always at the heart of it, whether it’s when you make a contribution, or when you take your money out at the other end.
Total Superannuation Balance: When it applies and what is included
The concept of total superannuation balance, or TSB, was introduced on 1 July 2017 as a means to measure your total superannuation interests at any point in time. It is used to determine eligibility for a number of new superannuation measures – such as the ability to carry forward unused concessional contribution caps.