It is important to get the document right at the establishment of the pension. It is even more important that the pension is monitored and reviewed on a regular basis. The ongoing operation of a pension paid from a SMSF will require liaison between the fund administrator, fund auditors, fund actuary, Australian Taxation Office, Centrelink/Department of Veterans Affairs and the fund Trustees.
It is vital the ongoing compliance monitoring and review of the pension is done on a regular basis as changes to a pension during the year will have both taxation and social security consequences for the pension recipient.
If your SMSF is not receiving a daily administration service, it is highly likely your pension fund is not meeting the minimum statutory reporting obligations which may also affect any entitlements from Centrelink and DVA.