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Quite right Chappy, But note, had to be a centerlink pensioner...

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boomeronrations

6,458 Posts.

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18/05/18

11:24

Post #: 33186487
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Originally posted by chappy58 ↑

It is very confusing all round, looks like you must be a registered pensioner with centerlink first and then if you draw some money from your SMSF in pension mode you are OK.
But if you are not on centerlinks list but draw a pension whether it be full or part from your SMSF you loose.

I'm still trying to understand all this so please point out if I'm wrong.

From another article.

John Maroney, CEO of the SMSF Association, goes on to reiterate the policy and his sentiments with regards to the SMSF sector: "Under Labor's proposal, the only SMSFs exempt are those that currently have at least one member receiving the age pension. And in the future, there will be no protection for SMSF retirees who may need part government support to supplement their superannuation income, creating an unfair, two-tiered and complex treatment of SMSF members who access the age pension in retirement."

https://www.smsf-law.com.au/single-...Franking-Credit-Plan-Speak-Out-With-Your-Vote

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Quite right Chappy,
But note, had to be a centerlink pensioner before 28/3.
cheers
3 Upvote

0 Great analysis

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