Smarter SMSF

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December 11, 2017  

Episode 27 - Impact of changes to partial commutations

December 11, 2017

In this week's episode, Aaron looks at the super reform changes that have had a profound impact on partial commutations.  Prior to these new measures, members had a far greater level of flexibility with both TRISs and Account Based Pensions where benefit payments could be re-characterised for income tax purposes, including having these amounts count towards minimum pension obligations.  The legislation even extended as far to allow for 'in-specie pension payments' through the appropriate process of making elections under the Income Tax Regulations.  

Now with the new superannuation measures in play, times have changed and Aaron explains just how these strategies have been impacted, but discusses new ideas and concepts for consideration with partial commutations for transfer balance cap purposes.