‘Finite contributions window’ flagged with reversionary pensions

Smarter SMSF chief executive Aaron Dunn said where a client is due to receive a reversionary pension, advisers may want to consider opportunities with contributions before it is potentially too late. 

If the reversionary pension is going to tip the client over the total super balance threshold for making non-concessional contributions, then there may only be a short window of time in which they can get extra contributions into the fund, Mr Dunn explained at the SMSF Day.

He gave the example of two members, Frank and Judy, who are both receiving account-based pensions with balances of approximately $1.2 million. They are reversionary.

Read more at SMSF Adviser