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Tag Archives: pensions
SMSF pension fund tax exemption ceases on death
A self managed superannuation fund that is paying an income stream (pension) is exempt from tax including capital gains) on the earnings from assests used to pay the pension. The ATO has issued a draft ruling TD2001/D3 discussing its views … Continue reading
Minimum pension drawdown – reduced amounts to continue
The government has announced that it will extend for another year the 50 per cent reduction in the required minimum payment amounts that must be made from account-based, allocated and market-linked pensions. The minimum amounts had been reduced for the … Continue reading
Self-funded retirees – minimum pension rules eased – temporarily
Treasurer Wayne Swan and Senator Nick Sherry, Minister for Superannuation and Corporate Law, today announced relief from minimum account-based pension draw down requirements. The measure responds to concerns that meeting the minimum draw down amount in 2008?09 will mean having … Continue reading
