Pension Administration

Our comprehensive pension administration is provided as a no charge addition to our SMSF administration and compliance service.

It includes;

• pension commencement calculations and minutes
• calculation of required pension amounts
• ongoing tracking of pension payments against minimums and maximums (for transition to retirement pensions) though it is your responsibility to ensure that the pensions drawn satisfy the limits.
• processing of any account based pensions paid in excess of the minimums by $10,000 or more as;
  • a lump sum withdrawal from an accumulation account if any, or
  • a commutation from the pension account so as to reduce the member’s transfer balance account so maximising their ability to start pensions in future
• the lodgement of the necessary TBAR as required.