ATO SMSF News Alert – advice for funds where members have a market linked pension
The ATO have provided important updated guidance for recipients of Market-Linked Pensions (MLP) as a result of an unintended consequence in the legislation that provides a nil value on commutation of the capped defined benefit income stream. In some instances, members have commuted the MLP within a SMSF post 1 July 2017 for transfer balance…