Smarter SMSF was involved in the Treasury discussions about these new regulations, which estimates around 17,000 SMSF members holding these types of pensions.
There are a number of important factors that need to be considered as part of the exit of these legacy retirement products. Our specialist knowledge at Smarter SMSF has enabled us to develop a range of specialist documents to enable the exit of these superannuation income streams and fund reserves.
In this complex area of SMSF legacy pensions, we’ve built a smarter way to work with you and your clients to exit these retirement products.
Please note that Smarter SMSF does not provide any financial product advice in respect to any legacy pension commutation or allocation of a reserve amounts to a fund member.
Watch our ‘feeling smarter’ video, where Tim Miller and Aaron Dunn discuss the impact of the new regulations.
As part of the available documents, Smarter SMSF will be providing a range of online forms and paper-based application forms to generate documents under the legacy pension regulations (incl. reserves). In addition, a range of fact sheets and calculators have been developed to assist in managing the commutation and reserve allocation process.
The ability to commute what was a previously non-commutable superannuation income stream requires a number of important steps to be considered within the fund’s current & previous trust deeds that enabled the pension to be paid, along with the relevant pension documentation that originally established the legacy pension product.
Our legal service, along with fund documents provides you with the confidence that any changes to these legacy products will comply with the relevant tax and super laws.
Your Complete Resource for Navigating the New Tax Division 296 is now law. With the Treasury Laws Amendment (Building a Stronger and Fairer Super System) Act 2026 receiving Royal Assent on 13 March 2026, the countdown to 1 July 2026 is well and truly on. For SMSF practitioners, that means the window to prepare your…
DetailsIf you’ve been tracking the evolving world of legacy retirement products and their interaction with social security assessments, a key piece of the puzzle has just landed—the Social Security (Waiver of Debts – Legacy Product Conversions) Specification 2025. Released on 28 March 2025, this legislative instrument seeks to resolve an otherwise awkward policy conflict that…
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