Category: Retirement

Transition to Retirement Income Streams (“TRIS”) – what happens to my TRIS when I die?

Transition to Retirement Income Streams (“TRIS”) – what happens to my TRIS when I die?

Last month, we spoke about Transition to Retirement Income Streams (“TRIS”). These pensions allow individuals to access their superannuation benefits prior to retirement or without having to terminate their employment….

Transition to Retirement Income Streams (“TRIS”) – once a TRIS always a TRIS?

Transition to Retirement Income Streams (“TRIS”) – once a TRIS always a TRIS?

Transition to Retirement Income Streams (“TRIS”) allow individuals to access their superannuation benefits prior to retirement or without having to terminate their employment. Who is eligible for a TRIS? Provided…

Superannuation from 1 July 2017 –  The New Frontier

Superannuation from 1 July 2017 – The New Frontier

Happy New Financial Year! With 1 July 2017 marking the start of many of the super reform changes, here is an overview of the new rules:   Transfer Balance Cap…

Accessing your super – special circumstances

Accessing your super – special circumstances

SMSFs have strict rules on when super monies can be withdrawn from the fund, most commonly when a member satisfies a form of retirement. However, special conditions apply should a…

Are you ready for the 1 July 2017 super changes?  Part 2:  I have more than $1.6m in pension phase so what are my options?

Are you ready for the 1 July 2017 super changes? Part 2: I have more than $1.6m in pension phase so what are my options?

The changes to superannuation announced in the 2016 Federal Budget have been passed by Parliament.  Amongst those changes was the introduction of a $1.6 million transfer balance cap which limits…

Are you ready for the 1 July 2017 superannuation changes?

Are you ready for the 1 July 2017 superannuation changes?

Last month saw the changes to superannuation in the May 2016 Federal Budget passed and receiving Royal Assent. They are now law. A summary of the final superannuation reforms is as…

Superannuation Changes from 1 July 2017 – the law has passed!

Superannuation Changes from 1 July 2017 – the law has passed!

The 2016 Federal Budget’s superannuation reforms were legislated last week, so the haze of uncertainty surrounding these new changes has lifted. Among these new laws is the provision of Capital…

Have you really met the work test retirement definitions

Have you really met the work test retirement definitions

How does the work test apply again? If you are under 65 you are able to contribute to your superfund without having to satisfy a work test. If you are…