Any super fund member who has commenced an account-based pension since 1 July 2017 can now view their updated personal transfer balance cap by using the MyGov website to access ATO online services.
account-based pensions
The annuities vs pensions wars break out
Highlights from Townsends Business & Corporate Lawyers principal Peter Townsend Annuities are risky if the company providing them goes belly up; ‘Budgeter Bob’ is not covered by the government protection to certain deposits with banks. Account-based pensions are risky if the market moves unfavourably. ‘Fast Eddie’ must continue to draw the minimum annual amount required […]
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