Mclowd User Guide for SMSF Trustees

This section provides basic information relating to converting to a pension account, including:

oQualifications to Convert to a Pension or TTR Account

oPreservation Rules

oConditions of Release

oUnderstanding Reversionary pension nominations

oSIS Dependants

oDeath Benefit Nominations

oBinding nominations

oNon-binding nominations

oNo nomination

oExpiry of nomination

oTaxation of Death Benefits

It is recommended that Trustees verify their legal obligations carefully by reference to ASIC and ATO websites and/or consultation with a professional before proceeding with steps that may have legal implications.