Fairness is a criteria that needs to be observed when looking to allocate monies tied up in reserves across all members of an SMSF.

Trustees looking to split a pension payment will find superannuation laws have blocked that path, but commutation planning could resolve the issue.

Trustees considering commuting and restarting an income stream should cease the pension at the end of the financial year.

Individuals can continue to create transfer balance cap space into the 2023 income year by using the extended reduction in the minimum pension.

An election promise of no new taxes on superannuation may lead to legacy pension reserves being untaxed when commuted under a proposed amnesty.

The status of all current pensions needs to be taken into account when looking to wind up an SMSF to avoid cancelling any with special treatment.