While the government is unlikely to announce any particularly generous policies for super in the Budget next year, the industry is also likely avoid any negative changes with an election not far off,
SMSFs making large benefit payments can face several structural challenges with pensions which can shape the contribution and timing strategy for the fund, according to Heffron.
The new recently introduced bill on enhancing superannuation outcomes has provided a further update on how the government will implement its new contribution rules along with its potential effect on contribution strategies for SMSFs.
Whilst pensions can run for many years, the use of partial commutation can work differently with how timing can interact with the rules as it can affect other aspects of the funds such as transfer balance cap and EPCI considerations.