While this shift appears straightforward, it brings complexities, particularly for existing pensioners, due to the intricacies of proportional indexation. Busoli explains how proportional indexation is a critical concept in understanding how the TBC affects individuals and how, for people just starting their pension phase, the indexation process presents several challenges.
Listen as they discuss:
- The necessity for accurate data to ensure proper management of transfer balance accounts.
- Broader implications of the TBC changes, including the impact on non-concessional contributions.
- The ongoing challenges within the SMSF sector, particularly in managing the intricacies of the transfer balance cap and ensuring accurate reporting.
- Division 7A and its implications for limited recourse borrowing arrangements within SMSFs.
