Published on 12 Aug 03
by VICTORIAN DIVISION, THE TAX INSTITUTE
This seminar paper provides an analysis of fixed term (or life expectancy) and lifetime pensions, including pension and RBL issues, the treatment of reserves and the taxation treatment of superannuation funds. It also covers the set up and compliance issues of complying pensions and what action is needed if the fund's investments are not performing as expected and the pension payments cannot continue to be paid as initially projected by the actuary. This should help to understand the actuary's role in developing strategies, certifying pensions and as a whistle blower for breaches.