Excess minimum pension payment strategy - revocation

To revoke a previous implementation of an excess minimum pension commutation strategy for AB and TRIS pensions in retirement phase.  

This document allows for the application of the Excess minimum pension payment strategy and provides a written resolution to accept the request of a member to revoke a currently applying strategy for identified pensions.   

Suitable for all fund types, this is a template document that will have to be modified for the particular requirements of each superannuation fund.     

Please note that this template is suitable:

• when the pension is already in existence prior to signing this template.
• for account-based pensions and transition to retirement pensions which are in retirement phase. 

Important note:

By providing this template, we provide no assurance or guarantee that the ATO will accept this template as a valid exercise of the member’s right to partially commute the pension, in which case the ATO would treat the amount as a pension amount in excess of the relevant minimum statutory amount for the pension.