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SMSF Pension Reset - from $165

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PRODUCT INFORMATION

RESETTING YOUR INCOME STREAM

Resetting an account based pension or transition to retirement income stream (Pension) is the process of commuting one or more existing Pensions, adding additional funds from the member’s accumulation account, then re-establishing the Pension with the new, larger balance.

Pension resets enable your clients to ‘top up’ their pension account without the need to commence multiple pensions. This not only enables your clients to transfer more of their benefit into pension mode, but reduces the burden for SMSF administrators in managing multiple pension accounts.

This package enables you to reset an existing account based pension or transition to retirement income stream.

Before deciding to reset a Pension, you should consider if the commutation of the Pension will affect the member’s estate planning requirements, particularly with respect to the tax free and taxable components of the Pension, or the Member’s Centrelink eligibility.

download Review the Pension Reset order checklist download See the list of documents you will receive

YOUR PACKAGE INCLUDES:

  • Account based pension / transition to retirement income stream commutation request and confirmation
  • New account based pension/transition to retirement income stream application form
  • New account based pension/transition to retirement income stream agreement
  • Comprehensive product disclosure statement (PDS) that complies with the Australian Securities and Investment Commission (ASIC) disclosure requirements
  • Trustee minutes
  • Full calculations

WHY ORDER A TOPDOCS SMSF PENSION RESET PACKAGE?

  • Our SMSF pension reset documentation can be used with any SMSF trust deed that provides for the commutation and recommencement of the pension
  • You receive a fully tailored, comprehensive package that meets the ASIC, ATO and legislative requirements
  • Our account based pension / transition to retirement income stream documentation is always up to date and includes changes to the minimum pension amounts of prior years
  • All required ATO documentation is completed as part of the package when ordered as full service.

MORE INFORMATION

You can learn more about the Topdocs SMSF Pension Reset documentation in the RELATED INFORMATION tab.

Should you have any queries or require more information, please call the team at Topdocs on 1300 659 242.

ORDERING OPTIONS

ORDER ONLINE

Order your document online in three easy steps:

  1. Login or Join the Topdocs Document Portal
  2. Select your document
  3. Follow the prompts and you're done!

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ORDER BY FORM

Order your document by completing the form below and returning it to us by email or fax.

Should you have any queries or require more information, please call the team at Topdocs on 1300 659 242.

PRICING

ADVISER^
(inc GST)

RETAIL
(inc GST)

INSTANT EMAIL DELIVERY

  • your document is emailed to you immediately once your order is complete and payment has been made

$165

$275

FULL SERVICE DELIVERY

  • your document is professionally printed and bound, reviewed by our legal team where required, then delivered to you by Toll Courier
  • delivery is generally the next day

$374

$440

adviser pricing ^ Adviser pricing is available to accountants, financial planners, SMSF specialists and legal practitioners. This pricing is automatically applied when you join Topdocs and sign into the Document Portal to order your documents.

YOUR DELIVERY OPTIONS

When you order a document you can select how you would like it delivered to you. Your options are:

INSTANT EMAIL DELIVERY

  • your document is emailed to you immediately once your order is complete and payment has been made
  • instant email delivery orders are also made available to download from the Completed Orders section in the Document Portal

FULL SERVICE DELIVERY

  • your document is professionally printed and bound, reviewed by our legal team where required, then delivered to you by Toll Courier

Should you have any queries or require more information, please call the team at Topdocs on 1300 659 242.

RELATED INFORMATION

MORE INFORMATION

Outlined below is additional information relating to the document you have chosen.

Should I reset my pension? ...[more]

It’s important to note pension resets are suitable in some circumstances but not others. There is a balancing act between the options of resetting a pension or commencing a new pension. Please contact the team at Topdocs to discuss your particular requirements if you’re unsure.

For example, if a contribution was made during the year would you reset the pension or commence a new pension at the time of the contribution? With a new pension commencement you may be able to avoid the cost of an actuarial certificate and not need to complete accounts at that date. But you would end up with lots of pensions.

If a contribution was made during the year would you reset the pension at the end of the year? Here you would avoid a multitude of new pensions over time but would need to pay for an actuarial certificate and may have some tax to pay on earnings in accumulation mode.

There are rules including ensuring that the minimum pension payment has been made on the existing pension before commuting and resetting. Also does your deed allow for resetting the pension?

Should you have any queries or require more information, please call the team at Topdocs on 1300 659 242.