SMSF trustees will be able to choose how they calculate exempt current pension income from 1 April after a new bill received royal assent.

Concessional pension tax rules can apply to death benefit payments even if they are made out of an SMSF’s accumulation account.

Addressing problems arising from legacy pensions has been identified as an area advisers will be treating as a major priority in 2022.

Unreviewed death benefit pension plans may saddle a surviving spouse with funds that could get pushed out of the super system.

SMSF advisers should be speaking with clients about legacy pension conversions so they can take action and avoid a large tax bill for their estate.

The impact of inflation on SMSF balances may push some members under the disregarded small fund assets provisions through no fault of their own.