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本课题涉及的问题，当一个成员都可以访问他们的退休金。在过去的几年中，规则已大幅收紧和大多数成员将被关押在退休金上直到退休。然而，从2005年七月一日起在形式上仍有机会访问退休金。This topic deals with the question of when a member can haveaccess to their superannuation benefit. Over the past few years,the rules have been tightened considerably and most members’balances will be held within the superannuation arena untilretirement. However, from 1 July 2005 there is scope to accesssuperannuation earlier in the form or a pension income stream.From 1 July 2007, changes were made to the rules governingaccess to and taxation of superannuation benefits. https://www.51lunwen.org/financeandaccounting/ Thesechanges are particularly beneficial for those over age 60. Aspart of these changes, the number of superannuationcomponents reduced from nine to two significantly simplifyingthe taxation of superannuation benefits. The government hasstepped away from regulating the withdrawal of funds fromsuperannuation, through high taxation of funds above a certainlevel. For those familiar with the superannuation system, thishas meant the withdrawal of Reasonable Benefit Limits (RBLs)and excess benefits tax. A relief for both financial planners andtheir wealthy retiree clients.The topic addresses the current situation, effective from 1 July2007. It also provides an historical perspective of the recentpast to familiarise students with issues they may come acrosswhen working in the industry.The main reference for this topic is AMSG, Chapter 8.

Learning objectivesAfter completing this topic you should be able to: explain the meaning of preserved benefits understand when a payment can be made to an individualfrom their superannuation fund outline the conditions of release that apply to withdrawalsfrom superannuation calculate the minimum pension for an account basedpension fund explain and calculate the taxation associated with paymentsfrom superannuationConditions of releaseSuperannuation money can move from ‘Preserved’ and‘Restricted non-preserved’ to ‘Unrestricted non-preserved’ only ifthe member meets a condition of release.Conditions of release are outlined in the ‘Cashing Rules’contained in the Superannuation Industry (Supervision)Regulations – Schedule 1. Conditions of release can include anyof the following: attaining age 65 leaving an employer (for restricted non preserved) retirement after age 55 (increasing to age 60) with nointention to work again changing jobs after age 60 permanent incapacity death financial hardship leaving the country permanently (those on temporary visas) if any of the benefits are classified as unrestricted non-preserved. attaining preservation age (restricted access)Withdrawal componentsIn addition to being categorised in accordance with itspreservation status, superannuation money is also categorisedfor tax purposes. The different categories have differenttaxation treatment. As a result of the 2006 Budget,superannuation now consists of only two components: a tax freecomponent and a taxable component. The taxable componentis further broken down depending upon whether it is from ataxed or untaxed source. For example, benefits paid from anaccumulation fund which has taxed the benefit on entry (ie.Tax free componentThe tax free component is, in most cases, made up from themember’s own super contributions for which no tax deductionhas been claimed. You may remember from your earlierstudies, that these contributions are now called Non-concessional contributions. No ta本论文由英语论文网提供整理，提供论文代写，英语论文代写，代写论文，代写英语论文，代写留学生论文，代写英文论文，留学生论文代写相关核心关键词搜索。