News

10% Pension limit of Transition to Retirement Pensions

19/02/2008

Where a member who is receiving a transition to retirement pension suffers a Terminal Medical Condition, the pension immediately changes to an account-based pension.

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Account-based Pensions and the New Medical Release Condition

19/02/2008

These pensions are fully commutable.

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Transition to Retirement Pensions & the New Medical Release Condition

19/02/2008

If a member has commenced a transition to retirement pension and then subsequently suffers a terminal medical condition, the member will now be able to commute the pension and receive the commutation lump sum tax free.

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Lump sum super payments to terminally ill members to be tax free

19/02/2008

This previously announced measure has now been included in the new Government’s first legislative change to Superannuation.

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Super Gearing Being Revisited?

01/02/2008

The Australian Financial Review has reported that “Superannuation Industry representatives” have expressed concerns to the new Super Supremo, Senator Nick Sherry, as to the width of the recently enacted gearing exception.

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