For members nearing the pension phase, a SMSF allows the most seamless transition from accumulation into flexible income streams.
As with all superannuation funds, the ability to take tax free income streams into retirement is a big incentive to stay within the superannuation environment and your own SMSF offers a lot of flexibility in terms of how you go about it.
Starting a pension in a SMSF is quite simple and as a trustee of your SMSF it is at your discretion when you start, change or stop a pension. You must still comply with the laws such as preservation age and minimum and maximum pension amounts.
In some circumstances you may require an Actuarial Certificate but this is all part of our SMSF offering.