From www.dbalawyers.com.au: DBA Lawyers has launched a new suite of legacy pension commutation documents that enable members to fully commute certain legacy pensions within the 5-year amnesty period from December 7, 2024, to December 6, 2029.

These documents comply with the relevant laws for commuting lifetime pensions, life expectancy pensions, and market-linked pensions.

The recent legislative changes also provide a waiver of debts for members commuting asset test exempt pensions, allowing for financial adjustments without incurring retrospective debt, although members should consider the potential loss of asset test exemptions and seek expert advice on associated implications.