SMSF advisers need to act fast to help clients turning 65 before 1 July make the most of the indexation of the transfer balance cap to $1.9 million.

The indexation of the transfer balance cap may create an opportunity for SMSF members to restructure pensions to reduce tax paid on those income streams.

The new income test thresholds for the Commonwealth Seniors Health Card may dilute the value of maintaining a grandfathered account-based pension.

The appeal and characteristics of income streams may well be changed should the government’s new tax on super balances above $3 million be introduced.

Waiting until 1 July 2023 to commence an SMSF pension for the first time due to indexation may not be the most beneficial strategy for members.

The effect a reversionary pension has on a personal TBC is not the only element SMSF trustees should examine on the death of a member.

Adhering to the maximum drawdown limit of a transition-to-retirement income stream is not as simple as paying out 10 per cent of the pension’s value.