I am considering fully commuting my income stream account back to accumulation. If the account is closed between scheduled fortnightly payment dates, how is the pro-rata pension payment calculated and paid to ensure the minimum annual drawdown requirements under ATO regulations are satisfied? Is it the responsibilty of the Super fund to do this ?
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Tell the super fund what you want to do, so the fund manager can ensure that the min pension id paid.
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Tell the super fund what you want to do, so the fund manager can ensure that the min pension id paid.
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