Claims that rollovers away from legacy pensions are too complex to implement have been rejected with industry stating it is ready to move on the issue.

The complex nature of legacy pensions and a full government agenda meant any reforms were unlikely to take place in the near future, according to a government minister.

The ATO is conducting research into the uptake of the COVID-19 minimum pension drawdown relief measure among SMSFs.

SMSF trustees should be cautious in using a deceased member’s pension to claim tax exemptions and take timely action to cash it out instead.

Advisers should check if pensions are grandfathered when stopping and starting ABPs to avoid potentially devastating outcomes for some clients, an SMSF technical expert says.

The latest ATO statistics have shown SMSF members in retirement have historically been drawing down more than the minimum pension required.

The ATO has released guidance intended to help funds navigate the new TBA debit calculation for commutations of market-linked pensions, which was passed as law in June.

SMSFs with a lifetime pension in place could face conflicting legislative instruments due to the current economic climate, a technical expert has said.