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