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Extension in Drawdown Relief for Account-Based Pensions
The Gillard Government will continue to support self-funded retirees by extending the drawdown relief currently provided for account-based superannuation pensions to the 2010-11 year.
As in the past two years, the drawdown relief will be in the form of a 50 per cent reduction in the minimum payment amounts for account-based, allocated and market-linked pensions.
Click here to read Joint Media Release with Senator the Hon Nick Sherry Assistant Treasurer and The Hon Chris Bowen MP Minister for Human Services Minister for Financial Services, Superannuation and Corporate Law
PS: If minimum pension is withdrawn today (30th June 2010) - the fund can be in pension mode (including trasition to retirement pension) from 1st July 2009 and claim exempt pension income for assets supporting the pension, which means that the SMSF will not pay any tax on income from pension assets for the year ended 30th June 2010.
Click here to commence a pension in your self managed super fund.
If you need help on how to commence a pension in your super fund, please phone 02 9684 4199 and talk to our in-house SMSF Specialist Advisor for FREE, we have three experts waiting to take your call.
Manoj Abichandani SSA SSAud SMSF Specialist Advisor SMSF Specialist Auditor
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* Standard disclaimer applies to information supplied in this email. No person should take action based on information contained in this email as the writer is not aware of their circumstances.
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www.trustdeed.com.au provides online service for creating, storing & managing legal documents for Companies and Trust deeds for SMSF, Family, Unit & Hybrid Trusts, click here for more information.
New / Update SMSF Trust Deeds cost only $110 and can be created in 20 minutes, Trust Deeds are emailed instantly!
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FIRST TRUST DEED FREE |
if you are an advisor, financial planner, accountant or a solicitor, we can offer you to create one trust deed on our system for free. This offer is valid provided you purchase 10 or more new SMSF deeds or update 10 SMSF trust deeds for your clients. To claim your first free trust deed, first register on our website www.trustdeed.com.au and phone our office on 02 9638 2807 for a promotional code.
If want to communicate with your clients, advising them the need & advantages to update their trust deed, click here to download a pro-forma letter to your clients.
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remeber you can create a SMSF trust deed at any time 24 / 7 |
www.trustdeed.com.au goes on live help
If you are an advisor and use our website for your clients SMSF Trust Deed. You now have access to SMSF Specialist Advisor who will answer all your technical questions online for you. Simply click the button above and start chat.
New or update your existing SMSF Trust Deed for $110 You can keep the trust deed up to date for the next five years for only $165.
Our SMSF trust deed has been prepared with input from accountants who have over two decades of experience in setting up structures for their clients and have combined knowledge of auditing and lodging tax returns for more then 2000 SMSF's, their practical experience is an invaluable contribution.
For further questions on our trust deed, ring 02 9684 4199 or email [email protected] |
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