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Pension Basics | Commencing a Pension | Ongoing Management
  

Commencing a Pension

Commencing a pension from a SMSF requires a substantial amount of compliance documentation to formalise and register the pension with the Australian Taxation Office and other relevant Government departments such as Centrelink and the Department of Veterans Affairs, if you are receiving benefits from Centrelink or DVA. With an increasing focus on compliance from the Australian Taxation Office it is imperative pensions are established correctly. To correctly set up a pension requires more than merely setting up a periodic payment from your self managed superannuation fund to a personal bank account for the pension payments. To commence a pension download the relevant Pension Checklist from the 'Documents' section at the top right of the screen.

On receiving your completed pension set up form, we:

  • Prepare minutes
  • Convert accounting to pensions
  • Centrelink schedule
  • Actuarial certificate - if applicable
  • Periodic payment form - Macquarie Cash Management Trust

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