How Do SMSF Trustees Document a Member's Retirement Declaration?
Highlights No single form is prescribed, so the quality of the record is crucial. A signed declaration, supporting evidence and a trustee resolution form the core file. Records link the retirement decision to pension commencement and reporting. SMSF trustees document a member's retirement declaration by collecting a signed written statement, testing it against the legal definition of retirement, passing a minuted resolution and filing supporting evidence. No single form is prescribed, so the ...