pooling is an interesting idea - but I assume whether you...

pooling is an interesting idea - but I assume whether you segregate or "pool" the result would be the same? Im assuming the actuary would just segregate the pooled account?


Heres the scenario:- how would I pay no tax on the income of 1/8/08 assuming I hadnt paid any pension during the year so far.22/6/09
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create Pension #1:-

1/7/08 Accumulation cash account balance= $500k

1/8/08 $3000 in interest paid

2/8/08 Buy a $503k term deposit for 1 year -interest paid after 1 year only

1/10/08 Segregate the $503k Term Deposit to a SMSF pension -
paying pension once,at end of the year.
minimum pension = 2% x 3/4 x $503k
= $7545
Note:- the only asset in Pension 1 account is now the $503k Term Deposit which will not pay income until 2/8/09
There is no cash to pay the minimum pension payment of $7545 at the end of the year
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Create Pension #2 (since I cant add more to pension 1)

1/2/09 Personally contribute $400k as a non-concessional amount to my SMSF Accumulation cash account
There is plenty of cash to pay the minimum pension of Pension 2
(havent bothered to calaculate it)
There is also plenty of cash to pay Pension#1 but Im not allowed to.
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Question 1)
How would I structure this to not have to pay 15% tax on 1/8/08 Interest payment?

Question 2) If I used the "pool" or proportion method wouldnt the answer be the same?
Im not exactly sure how this works.??
Any written examples on ATO etc?

Is it posssible that the proportionate versus segregated methods have different benefits depending on which one is used ??

very perplexed .