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Showing 1 - 7 of 7 results for "Exempt Current Pension Income"

New caps can increase super contributions: SMSFA

KARREN VERGARA  |  THURSDAY, 22 FEB 2024
... change, Heffron flagged issues that must be considered including the impact of large withdrawals on exempt current pension income (ECPI), not wasting losses and/or negative earnings, and any tax on death benefits.

$450 super threshold to be scrapped

ELIZABETH MCARTHUR  |  THURSDAY, 28 OCT 2021
... 2021-22 income year onwards. Trustees will now be able to use their preferred method of calculating exempt current pension income where the fund is fully in the retirement phase for part of the income year but not for the entire income year," Hume said. ...

ECPI draft legislation released

ANNABELLE DICKSON  |  MONDAY, 24 MAY 2021
... has introduced exposure draft legislation to reduce red tape for super funds when calculating the exempt current pension income (ECPI). The minister for financial services, superannuation and the digital economy Jane Hume said the draft legislation simplifies ...

ATO warns against SMSF property development

ELIZA BAVIN  |  WEDNESDAY, 10 JUN 2020
... the transfer balance cap, allowing a greater amount of earnings within the SMSF to be treated as exempt current pension income," it said. "We have previously seen property purchases funded by poorly implemented LRBAs and/or funding arrangements in SMSF-related ...

In a nutshell: Federal Budget 2019

JAMIE WILLIAMSON  |  TUESDAY, 2 APR 2019
... Superannuation Consumer Advocate. Self-managed super fund members will also benefit from changes to the way exempt current pension income is calculated, allowing those with members in both accumulation and decumulation to elect a preferred method of ...

Protecting Your Super Package will cross finish line: Treasurer

KARREN VERGARA  |  TUESDAY, 2 APR 2019
... simplifying reporting obligations and streamlining administrative requirements when calculating the exempt current pension income (ECPI). From 1 July 2020, trustees with interests in the accumulation and retirement phases during an income year can choose ...

Super reforms will drive advice demand

KARREN VERGARA  |  TUESDAY, 4 APR 2017
... certificates for SMSFs and Small APRA Funds (SAFs) using the proportionate method to calculate their Exempt Current Pension Income if the fund was only paying account-based pensions or term allocated pensions.
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