Paying a pension from an SMSF
This on demand webclass allows you to learn in your own time at your own pace and provides you with 2.5 CPD hours.
A learning guide, slides, case studies and recording will be provided to assist in the on demand learning experience. There is also an assessment available that will provide you with an official CPD certificate upon successful completion.
The goal for many SMSF members is to build their retirement nest egg during their working life such that they can enjoy retirement. An important aspect of such a strategy is drawing an income stream or pension from their fund. However, to enjoy the associated tax concessions and benefits associated with an SMSF paying a pension, there are specific rules that must be followed. Failing to meet these standards can be costly, to the member and the SMSF.
In this webclass we will focus on the rules for an SMSF commencing and maintaining a pension, including a review of the ATO’s ruling TR 2013/5: when a superannuation income stream commences and ceases.
Please note, there will be no in depth consideration of:
- Exempt current pension income; or
- Transfer balance account reporting
in this webclass, as these topics will be dealt with in separate Accurium education events.