SMSF Trustees Training

New Penalties For Non Compliance

ATO Videos

  • SMSF – Arm’s Length

    Arm’s Length means the Funds’ assets must be bought and sold at market value...

  • SMSF Loans and Early Access

    Super benefit can be accessed only when a Condition of Release is met. Early acc...

  • SMSF Sole Purpose Test

    Sole purpose of SMSF is to provide benefits to members when they retire – anyo...

  • SMSF Investment Strategy

    Every SMSF has to have an Investment strategy that should be reviewed regularly....

  • SMSF annual obligations

     You have obligations to complete before you can lodge the SMSF annual return. ...

  • SMSF – Planning for Retirement

    Plan a few years ahead of retirement so that your fund is ready to make super pa...

  • SMSF – Retirement and conditions of release

    Before you can access any of your super, you must meet a condition of release un...

  • SMSF paying an income stream

    Income stream is a pension, where payment occurs at least annually and in case o...

  • Planning for the unexpected (relationship breakdown, incapacity, death)

    When starting SMSF, you need to plan for the future, if a relationship breaks do...

  • SMSF -- What\'s involved with an SMSF

    Typical SMSF involves several stagesSet Up: Decide Trustees / member, establish ...

  • SMSF – Setting up your SMSF

    Key StepsYou can have up to 4 members – as individual trustees or a Company se...

  • SMSF Trustees – individual or corporate

    You need to decide the type of trustee - individual or company. Factors to be co...

  • Trustee Declaration

    The Trustees need to sign off a Declaration within 21 days of SMSF setup. It hig...

  • SMSF – You can\'t do it all yourself

    An SMSF gives you control over your super, but you still need to work with other...

  • Super Stream for employers

    New way for employers to make super contributions electronically, simplifies how...

Preservation Age

Preservation age is generally the age that you can access your super benefits. A person’s preservation age depends on their date of birth as set out below.

Date of Birth Preservation age (years)
Before 1 July 1960 55
1 July 1960 – 30 June 1961 56
1 July 1961 – 30 June 1962 57
1 July 1962 – 30 June 1963 58
1 July 1963 – 30 June 1964 59
After 30 June 1964 60

Minimum Pension Rates

The minimum pension withdrawal rates are now back to normal after being reduced during the GFC. You minimum pension is based on your opening balance and your age.

Age Percentage of account balance
2013-14 onwards
Under 65 4%
65-74 5%
75-79 6%
80-84 7%
85-89 9%
90-94 11%
95 or more 14%