Reversionary Pensions

A member’s estate planning objectives should be taken into account when commencing any new pension.

If a member has a pension account with a reversionary beneficiary nomination, the pension can continue to be paid to the reversionary beneficiary when the member passes away. This can have important consequences so should be thoroughly considered when commencing a pension.

The trust deed also needs to allow a reversionary nomination to be made.

To read this fact sheet in its entirety download the PDF version here.

Bring Forward Contributions

The ability to bring-forward future year entitlements to make non-concessional contributions has been in place for many years now. Prior

Understanding super terminology

An individual’s Transfer Balance Cap (TBC) and Total Superannuation Balance (TSB) are calculated differently and are separate concepts. When the

Excess Concessional Contributions

The concessional contribution cap is $30,000 from 1 July 2024. With the ability to carry forward unused concessional contributions over

Excess Non-Concessional Contributions

The non-concessional contributions cap is $120,000 from 1 July 2024, however the ability to contribute to super is dependent on

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