This article is more than 24 months old and is now archived. This article has not been updated to reflect any changes to the law.
Draft regulations to allow more flexibility with various pensions
- extend the maximum term of the market linked pension (and life expectancy pensions) so that payments can continue until the recipient reaches age 100
- allow annual payments of market-linked pensions to vary plus or minus ten percent of the amounts calculated under current payment rules
- update allocated pension drawdown factors in line with up to date life expectancies.
The draft regulations are open for comment until 16 November. Once these draft regulations are finalised it is anticipated that they will come into effect on 1 January 2006 and the Cleardocs Deed will be updated accordingly at that time.
Lawyer in Profile
Associate
+61 3 9258 3007
alisha.wright@maddocks.com.au
Qualifications: BCom, LLB (Hons), Monash University
Alisha is a member of Maddocks Commercial team. She assists her clients in a variety of commercial matters.
Alisha has experience in:
- development structuring,
- business structuring,
- shareholder and partnership agreements,
- distribution arrangements, and
- general commercial advice.
Read Our Latest Articles
Superannuation
Necessary safeguard for SMSFs and Trusts: Why you should have an Enduring Power of Attorney in place
Superannuation
Reminder for SMSF trustees: be aware of legal requirements for accessing superannuation early
customer support
legal advice
-
The legal information and commentary on this site is general only. Documents ordered through Cleardocs affect the user's legal rights and liabilities. To assess their suitability for the user, legal accounting and financial advice must be obtained.