On Friday 19 June 2020, the ATO posted this guide on the application of the Treasury Laws Amendment (2019 Measures No 3) Bill 2019, which recently passed into law and provides a new way of calculating the debit, which arises in an individual’s transfer balance account when a member commutes a market linked pension which is a capped defined benefit income stream.

See below, for further details.

[Tax Month – June 2020]

SIGN UP (free trial)

or

LOG IN

About the author