Monthly Archives: July 2011

Start a New Pension/Income Steam – What the Regulations say

Posted on July 27, 2011 by SuperBenefitnews

At the commencement of the income stream the member can specify what percentage of the accumulation account will be used to commence a pension. Regulation 307-200.05 of the ITAR 1997 provides that once a superannuation income stream ‘commences’, an amount … Continue reading →

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Transition to Retirement – an overview

Posted on July 13, 2011 by SuperBenefitnews

A Transition to Retirement (TTR) enables people aged 55 or over in Australia to access their super in the form of a pension or income stream without retiring or satisfying other conditions of release. Although some use TTRs for a … Continue reading →

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Super news with Aust Super Minister Bill Shorten, Assistant Treasurer

Posted on July 7, 2011 by SuperBenefitnews

Super crackdown Under new laws proposed by the Assistant Treasurer, Bill Shorten, the ATO will also be able to claw back income tax credits fraudulently claimed by directors of failed companies. The Wickenby tax fraud case against one of the … Continue reading →

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