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.