Sentences with phrase «commute retirement phase»
There are new obligations to report information to us when your members start or commute retirement phase income streams (details for this will be available within one week).
https://www.ato.gov.au/ Not exact matches
If you do not commute the required amount by the due date or tell us why you have not done so (using a TBAR), the income stream will stop being in the retirement phase and this will affect entitlement to exempt current pension income.
If you commute part of a retirement - phase super income stream and pay the commuted lump sum to your former spouse as part of a payment split
Further to example 2A, on 1 April 2019 Ram commutes $ 200,000 of his retirement phase income stream out of superannuation.
If the total value of your retirement phase interests exceeds the transfer balance cap and you only have a death benefit income stream, you can commute the excess as a lump sum.
Consider phased early retirement, turning down a promotion, relocating to shorten your commute, telecommuting, moving laterally or even into a downward position.