My client has a market linked pension which was converted from a complying lifetime pension in 2009. Any one knows if she is able to convert the market linked pension to an accumulation phase to withdraw it as a lump sum or convert it to an account-based pension?
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Not until the market linked pension reaches the end of its fixed term.
See complying pensions heading in
This may change next year - see exposure draft legislation on legacy pensions released by Assistant Treasurer today.
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Not until the market linked pension reaches the end of its fixed term.
See complying pensions heading in
This may change next year - see exposure draft legislation on legacy pensions released by Assistant Treasurer today.
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