One of the greatest changes under the new super laws is arguably how transfer balance cap effects the payment of death benefits to spouses. This is because many members who exceed the cap can longer simply pay all of their death benefits to their spouse in the form of the pension. This means that careful planning is now required for members affected, or potentially affected, by the cap. In this webinar the following issues were considered:
- how the transfer balance cap works for death benefits
- death benefit pensions vs reversionary pensions under the cap
- when should existing pensions be converted into automatically reversionary pensions?
- dealing with the liquidity crunch on the death of the first spouse including in-specie death benefit payments
- implications for estate planning for TRISs
- child pensions - an opportunity or a trap?
- what can or should be done before 1 July 2017?