News : Retirement

Paperwork key for new year pensions

August 2, 2023

Documentation noting the situation of an SMSF member can allow a pension to be started on 1 July without knowing all of the fund’s asset values.

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Retirement, Strategy, Superannuation

Pre-1999 benefits can easily be freed

Restricted non-preserved superannuation benefits

July 20, 2023

Darin Tyson-Chan

A fairly straightforward process can be used to allow individuals with restricted non-preserved superannuation benefits to access these assets.

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Retirement, Superannuation, Tax

Zero tax on lump sums not tax-free

July 19, 2023

Darin Tyson-Chan

Particular attention must be given to the tax situation of people looking to access their superannuation benefits between the ages of 59 and 60.

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ATO, Pensions, Retirement

TRIS could hinder indexation access

June 21, 2023

Darin Tyson-Chan

The situation of a person turning 65 in June 2023 with a TRIS needs particular attention so they can maximise their personal transfer balance cap.

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Retirement, SMSF, Superannuation

Longevity risk greater for SMSFs

June 15, 2023

Darin Tyson-Chan

SMSF trustees are likely to live longer than superannuants belonging to public offer funds, making them more susceptible to longevity risk.

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Regulation, Retirement, Superannuation

Retirement definition set to shift

May 30, 2023

Darin Tyson-Chan

The definition of retirement allowing people to access their superannuation benefits legally is set to significantly change in the coming income year.

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Retirement, Superannuation

Retirement costs climb as inflation soars

May 29, 2023

Todd Wills

Retirees are facing budgetary challenges due to high inflation, especially in essential services, according to ASFA, which has announced the departure of its chief executive.

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Retirement, Superannuation, Tax