Unlocking the complexities of retirement strategies

  • Presentations, Technical Resource
  • Income streams

National Conference 2024

This session is essential for those looking to navigate the complex landscape for SMSF members approaching retirement. The goalposts for commencing and running a pension in an SMSF are constantly changing. Melanie will delve into the nuances of paying pensions within an SMSF discussing the strategic pros and cons of TRIS vs ABP, multiple pensions or restructuring, and non-reversionary vs reversionary pensions. The session will examine how to assess a sustainable level of retirement income to address the feedback we see that trustees are worried and so take only the minimum payments from their pension. Finally the session will explore the strategic considerations for maximising Exempt Current Pension Income (ECPI), especially as investments are restructured to align with retirement goals and whether strategies need to be adjusted in light of the proposed $3m super tax.
 

Following this session you will be able to:

  • Understand the intricacies of pension planning within SMSFs, including maximising ECPI and the strategic re-alignment of fund investments to meet retirement goals, while managing capital gains and losses.
  • Gain insights into developing robust retirement investment strategies that address unique challenges and regulatory changes such as the $3m super tax and balancing cash flow needs with risk management.
  • Explain different pension strategies within an SMSF, including the pros and cons of different types of pension structures and terms.

The contents of this resource are taken to be correct at the time of publication.

Disclaimer: Technical Papers contain general advice only and are prepared without taking into account particular objectives, financial circumstances and needs. The information provided is not a substitute for legal, tax and financial product advice. Before making any decision based on this information, you should assess its relevance to the individual circumstances of your client. While the SMSF Association believes that the information provided is accurate, no warranty is given as to its accuracy and persons who rely on this information do so at their own risk. The information provided in this bulletin is not considered financial product advice for the purposes of the Corporations Act 2001. © SMSF Association