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Superannuation, Managing your Benefits

Published on 10 Nov 2005 | Took place at City West Function Centre, West Perth, WA

The growth in Self Managed Superannuation Funds is phenomenal and set to increase with the recent abolition of the superannuation surcharge. Getting money into a SMSF is one trick but what about getting it out! Are Reasonable Benefits Limits difficult to manage or should we continue to invest no matter how much is in the Fund? An interesting method to get more money out of your SMSF is to compress the RBL with particular types of pensions, but this opportunity ceases 31 December 2005 - can you still access this method?

Individual sessions

Retirement strategies

Author(s):  Patrick CORK

Topics covered in this paper include:

  • problems with members' funds approaching RBL limits
  • what pensions are available?
  • can you find an old policy extending the period of service?
  • what strategies are useful to manage excessive RBLs
  • do you need reversionary beneficiaries?
  • should you hold life insurance inside your SMSF?
  • can a pension continue after death?
  • what strategies are useful in managing excessive death benefits?
Materials from this session: