Self-managed super funds
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This document provides information about issues you, as a trustee of a self-managed super fund (SMSF), may need to take into account when a superannuation income stream starts or stops.
References in this document to SMSFs include former SMSFs unless otherwise indicated.
This information only applies to taxed, complying super funds which commence a super income stream in the form of an account-based pension on or after 1 July 2007.
A super income stream includes an income stream that is a pension according to the Superannuation Industry (Supervision) Regulations (SIS Regulations).
An income stream cannot be a pension in accordance with the SIS Regulations unless it meets two fundamental requirements - that:
We use the term:
A super income stream exists when all of the following apply:
A liability to make a single payment is not a series of payments and will not satisfy the requirements of being a super income stream. While there must be a continuing liability a super income stream may stop after only one payment.
For more information on starting and stopping a super income stream, refer to: APRA-regulated funds - starting and stopping a superannuation income stream (pension).
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