Miller explains how the revised ruling, which was updated in June 2024, primarily reflects changes from the super reforms introduced on 1 July 2017. He provides a fresh perspective on what needs to happen when a super income stream fails to meet the pension standards for a financial year, particularly with minimum pension requirements.
Listen as they discuss:
- How the consequences of failing to meet pension standards have become more stringent.
- The trust law aspect of pensions.
- The importance of understanding the minimum pension obligation and the consequences of failing to meet it.
- The retrospective application of these rules.
- The complexities surrounding TRIS.
- The time frame for losing ECPI beyond the traditional 12 months.
