From smsmagazine.com.au: The SMSF Association has called for additional ATO guidance regarding anomalies related to Taxation Ruling (TR) 2013/5, which affects compliance for death benefit pensions and transition-to-retirement income streams (TRIS).

Underpayments leading to compliance breaches classify pension payments as lump sums, violating cashing rules and potentially causing tax issues for members.

The Association urges the ATO to provide clear guidance and workable solutions to mitigate these significant compliance risks within the SMSF industry.