Reversionary Pension and SMSF closure.

Hi,

Just want to know what will happen to a reversionary pension if the SMSF is closed and the pension is rolled into a Wholesale Pension account if the person receiving the reversionary pension has not met conditions of release??

Is it possible??

What are the consequences?

Thanks.

 

Hi Weecy,

You are able to roll a Self Managed Super Fund into a Retail superannuation fund. By doing this you will have commenced a new income stream, therefore a new beneficary form would need to be filled in.

Under the new Centrelink rules, rolling out of one pension to other pension (new product), may be impact centrelink benefits, this is a new product for centrelink purposes.

I can be contacted on the number below for more information.

Christian Renel

[email protected]


02 9875 2444