Income stream is a pension, where payment occurs at least annually and in case of Account Based Pension, a minimum amount is paid to member each year. However there are certain other conditions that have to be met.

  • Member needs to make a written request to start an income stream
  • Member must have met a condition of release
  • SMSF assets are to be valued when the income stream starts
  • if more than one fund member has a share in the asset supporting the income stream, an actuarial certificate is required to work out the tax implications for fund

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