Aug 14, 2020 | Blog, Death Benefits, Retirement Income Streams, Reversionary Pensions, Superannuation
A reversionary pension is an income stream pension that automatically passes to the reversionary beneficiary upon death of the original owner of the pension. A reversionary pension beneficiary is a person who will receive an income stream pension when the original...
Oct 4, 2019 | Blog, Death Benefits, Reversionary Pensions, SMSF, Superannuation, Superannuation Tax
A Non-Binding Death Benefit Nomination is a declaration made to the trustee of your super fund. A superannuation fund trustee is responsible for the management of your superannuation savings on your behalf. You are able to submit a nomination to the trustee detailing...
Feb 13, 2019 | Accessing Superannuation, Blog, Retirement Income Streams, Reversionary Pensions, Superannuation
This article discusses how a reversionary pension is treated for transfer balance cap purposes. A reversionary pension is a pension income stream that automatically reverts to another individual upon death of the original pension member. The term original pension...
Apr 18, 2017 | Blog, Death Benefits, Reversionary Pensions, SMSF, Superannuation
A Non Lapsing Binding Death Benefit Nomination is a death benefit nomination made to the trustee of your superannuation account that does not have an expiry date. Traditionally, Binding Death Benefit Nominations had an expiry of 3 years. This would mean that you would...
Feb 17, 2017 | Accessing Superannuation, Blog, Featured, Retirement Income Streams, Reversionary Pensions, Superannuation, Superannuation Tax
The superannuation transfer balance cap of $1.6 million is a new measure set to be introduced from 1 July 2017. This is a further shift towards reducing the tax-effectiveness of the superannuation environment for high-net worth individuals. So, how does the $1.6...
