#8968
Awan Hammad
Participant

    Hi Maria

    A reversionary pension automatically reverts to the spouse on death so yes a minute noting this would be sufficient upon death. A reversionary pension balance does not get transferred to the wife’s balance but continues on as a pension now payable to the spouse.

    I note that if there is a valid reversionary pension in place upon death there is no need to consider a death benefit nomination given that a valid reversionary pension automatically reverts to the spouse on death.

    The transfer balance account rules and reporting to the ATO re a reversionary pension (upon death) can be complicated so the auditor should consider these as well.

    Thanks

    SMSF AAA

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