New legislation effective from 12 May 2004 has dropped a bomb shell on the superannuation industry especially SMSFs. This presentation examines how these changes impact advisers and clients and covers:
- what pensions can now be paid by SMSFs
- what transitional relief exists
- what impact it has on assets' test exempt pensions
- who can now provide complying pensions
- the new contribution rules
- the new minimum benefit and anti-forfeiture rules.
- what pensions can now be paid by SMSFs
- what transitional relief exists
- what impact it has on assets' test exempt pensions
- who can now provide complying pensions
- the new contribution rules
- the new minimum benefit and anti-forfeiture rules.