Forman Financial Services

Understanding your options with reversionary pensions

Surviving spouses are not obligated to accept a reversionary pension and there are various strategies to prevent an automatic acceptance, including giving up the pension.

Recipients have a 12-month window to decide what to do with the reversionary pension. As it is not an option to roll back the pension into a super accumulation account, special consideration needs to be given to tax planning and the general transfer balance cap when accepting reversionary pensions.

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