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Legacy Pension Amnesty Process Clarified

Summary by SMS Magazine
Legacy pensions that are not commuted will now retain their asset test exempt status under new rules released by the government.
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2 Articles

SMS MagazineSMS Magazine

Legacy pension amnesty process clarified

Legacy pensions that are not commuted will now retain their asset test exempt status under new rules released by the government.

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SMSF AssociationSMSF Association

Legacy pension amnesty period – Greater Social Security clarity provided - SMSF Association

The commutation of a ‘legacy’ pension that was previously asset test exempt for Centrelink purposes will result in the failing of the Centrelink provisions, leading to a loss of asset […] The post Legacy pension amnesty period – Greater Social Security clarity provided appeared first on SMSF Association.

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SMSF Association broke the news in on Wednesday, October 1, 2025.
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