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10% Pension limit of Transition to Retirement Pensions


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.

What happens to a Transition to Retirement Pension when the Member reaches age 65 or retires before reaching age 65?


In this situation the transition to retirement pension simply transforms into an account-based pension.

Aggressive Marketing of SMSF/DIY Funds


Senator Sherry, the minister with portfolio responsibility for Superannuation, has indicated that the Government will review the marketing and governance of self managed super funds (also known as DIY funds).