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21/04/2008These pensions are fully commutable.
Commutations of Account-Based Pensions under the New Release Condition and the Minimum Pension Amount
21/04/2008Under the rules which apply from 1 July 2007, these pensions must pay a minimum payment in each financial year.
21/04/2008Where a member who is receiving a transition to retirement pension satisfies the Terminal Medical Release Condition, the pension immediately changes to an account-based pension.
What Happens to a Transition to Retirement Pension When the Member Reaches Age 65 or Retires Before Reaching Age 65?
21/04/2008The design of the new pension arrangements indicated that in this situation the transition to retirement pension simply transforms into an account-based pension.
08/04/2008Superannuation and taxation legislation imposes many complicated restrictions on superannuation fund trustees.