Category Archives: Minimum and maximum pensions
As auditors of self managed super funds, we see the minimum pension not being paid or more than the maximum pension being paid by the Trustees. Usually this is a genuine error. Often the trustee did not understand the rules or had difficulty working out what had already been paid during the year. They may have received notification of the amounts months ago and have just forgotten.
Contacting the client about this time of the year and reminding them of what the minimum and maximum pension amounts are can save a lot of problems later on and the Trustee will be grateful of the reminder.