Minimum payments associated with death benefit pensions need to take priority over those for other pensions to ensure the retention of tax benefits.

Changes to pension rules will allow SMSF members to convert legacy products with excess transfer balances to new products without creating concessional contributions.

SMSFs could be in breach if the fund has used an asset transfer to commute a pension but overlooked required pro rata payments.

A call has been made by the Association of Independent Retirees to permanently reduce the minimum pension and simplify the system’s age bands.

Regulations allowing the commutation of a market-linked pension without creating an excess transfer balance are operational but open for debate.

The ATO has listed five conditions that will allows trustees to continue receiving an income stream despite failing minimum pension standards.

Determining whether SMSF trustees have acted in good faith when determining how death benefits are distributed is likely to become more common.

The 50 per cent reduction in the minimum pension drawdown will remain in place until mid-2023 due to market volatility.

The ability for an SMSF to legitimately change the nominated reversionary beneficiary of an existing income stream remains unclear.