Understand when super can be legally accessed. Learn the key conditions of release under superannuation law and what each means for members.
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SMSF Pension Articles
Superannuation Compassionate Grounds: Who Qualifies & How It Actually Works
Accessing super early is possible only in exceptional circumstances. While retirement and reaching preservation age are the most common conditions of release, there are also special provisions that allow early access on financial, health or medical grounds. These special conditions are often misunderstood because they appear similar — yet each operates under a different regulation […]
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Insurance in SMSFs: Compliance, Tax Essentials and Practical Considerations
Understand SMSF insurance, life, TPD and terminal illness cover, premium deductions, tax outcomes and compliance rules for trustees
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Divorce and Superannuation Splitting
The Family Court can make orders in relation to the property of the parties to a marriage under Pt VIII FLA (Family Law Act 1975). The parties to a marriage can also make financial agreements about the division of their property under Pt VIIIA FLA. Prior to 28 December 2002, superannuation interests could not be […]
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Changes to Super Death Benefits
The death of a member is a “compulsory cash event”. Super death benefits must be “cashed” as a lump sum or as a pension, or a combination of the two.
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Transfer Balance Account – Super Reform
Transfer balance is the net amount of capital an individual has transferred to their superannuation retirement phase. We use transfer balance account to track this transfer balance. The principal here is that we are working with the capital amount, so investment earnings and pension payments do not affect the transfer balance account. Transfer balance cap […]
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