We are on part pension and run our own SMSF. In 2-3 years we [my wife and I] will turn 70 years old and our 5 year SMSF terms deposits will expire around then. We are wondering if we should then terminate our SMSF and put the money into Cash and/or shares as it is easier to administer. Our worth in superannuation in 2-3 years will be in the range $400,000 to $450,000. The main question in our minds is what will be the difference in the treatment from Centrelink? By doing the numbers on the MLC Aged Pension Calculator we look like being around $2,500 worse off annually however the admin. costs of the SMSF continue to rise , especially the cost of the ATO. Any knowledgeable comments on this subject appreciated.
