Pension Administration

Our comprehensive pension administration 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.
  • auto commutation of any account based pension withdrawals 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 (the most taxable component account if more than one pension) 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.