07 Apr 14 Timing of a pension payment
The ATO advises that to ensure that the pension standards for self-managed super funds (SMSFs) are met, it is important that fund trustees consider the time that a member’s benefit is cashed (that is, ‘paid’). As a general rule, a benefit is cashed when the member receives an amount and the member’s benefits in the SMSF are reduced.
The table in the ATO advice summarises the ways in which benefits are typically paid to a member from an SMSF and when it considers the pension payment to have been made.
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