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Insurance Based Deductions
Insurance Based Deductions Insurance Based Deductions Posted on September 26th, 2019 by SuperGuardian Self Managed Superannuation Funds (SMSFs) remain one of the most powerful retirement income
Dedicated client managers
SMSF trustees cannot release a member’s preserved or restricted non-preserved benefits until the member satisfies a ‘condition of release’. Once the trustee is satisfied that a condition of release has been met, they need to confirm whether any cashing restrictions apply to determine how much of the member’s interest can be released and in what form i.e. a lump sum or an income stream (pension).
Accessing Superannuation Benefits
SMSF trustees cannot release a member’s preserved or restricted non-preserved benefits until the member satisfies a ‘condition of release’. Once the trustee is satisfied that a condition of release has been met, they need to confirm whether any cashing restrictions apply to determine how much of the member’s interest can be released and in what form i.e. a lump sum or an income stream (pension).
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