REMINDER Pre-existing income streams

Retired fund members receiving income streams on 30 June 2017, that continued to be paid after that date as a retirement phase income stream, need to report on the TBAR form on / before 1 July 2018.

Pre-existing income stream deadline approaching

Super Transfer balance account report instructions

JulyUse the Super transfer balance account report to advise the ATO whenever a transfer balance account event occurs. They use this information to adjust your member’s transfer balance account so the transfer balance cap provisions can be correctly applied.

You can also use this report when the ATO needs more information to calculate your member's total super balance.

As an SMSF trustee, if you have a member in retirement who was receiving an income stream on 30 June 2017, that continued to be paid after that date as a retirement phase income stream, you need to report this to the ATO on the TBAR form on or before 1 July 2018.

For the different ways you can report this information to the ATO, read more on their website or call the team at Intuitive Super today on 1300 856 064.

The information provided in this document, including any tax information is general information only and does not constitute personal advice. It has been prepared without taking into account any of your individual objectives, financial situation or needs. Before acting on this information you should consider its appropriateness, having regard to your own objectives, financial situation and needs. You should read the relevant Product Disclosure Statements and seek personal advice from a qualified financial adviser. From time to time we may send you informative updates and details of the range of services we can provide. If you no longer want to receive this information please contact our office to opt out. Millennium 3 Financial Services Pty Ltd ABN 61 094 529 987, AFSL 244252. 

Source ATO

Last Updated:28-10-2019 14:19