The recent draft laws on reversionary transition-to-retirement income streams (TRIS), if enacted, will eliminate the adverse result of decreasing the reversionary beneficiary’s chance of receiving Centrelink benefits, or missing out altogether.

The federal government has released exposure draft legislation allowing a reversionary transition to retirement income stream (TRIS) to automatically be transferred to an eligible dependant upon the death of the member receiving the pension without the beneficiary having to satisfy a condition of release.

Investment bonds are proving to be a popular alternative estate planning strategy, particularly among older SMSF trustees with super balances greater than the $1.6 million transfer balance cap, according to Australian Executor Trustees (AET).

The amount of estate planning work SMSF clients will require in order to comply with the new super changes will put pressure on specialist adviser demand, which has the possibility to fall short, according to an industry lawyer.

The last thing an SMSF member wants to think about at Christmas time is death or incapacity – and particularly their own.

The SMSF Association has urged SMSF members to seek specialist advice on the possible impact of receiving a pension on the death of their spouse.

The SMSF Association has made a go-to guide available to its members aimed at assisting them in the payment of superannuation death benefits.

The inability to roll over the portion of death benefit pensions that exceed a surviving member’s transfer balance cap (TBC) under the new super reforms means SMSF trustees must scrutinise the tax implications of retaining these monies inside super or exiting them from the system, an industry consultant has said.