SMSF – transition to retirement income streams

Issues an SMSF trustee needs to consider when commencing, running or stopping a transition to retirement income stream.

Last updated 21 March 2019

This document provides information about issues you, as a trustee of a self-managed super fund (SMSF), need to consider when:

This information applies to taxed, complying super funds that commence a TRIS in the form of a pension (but not an annuity).

In this document, references to SMSFs include former SMSFs unless otherwise indicated.

Transition to retirement

Access to their superannuation benefits without having to retire or leave their job.

It's not compulsory for your SMSF to offer members a TRIS, although your SMSF may pay a TRIS if the fund's trust deed allows this.

The earnings allocated to the TRIS must be added to the member's preserved benefits.

Ensure that all the relevant standards in the SIS Regulations are met at all times.

QC42388