I can't see anything in my SMSF deed allowing me to pay a transition to retirement pension. Can I do this?
Transition to retirement pensions (especially before 1 July 2007) are also known as "non-commutable pensions". Clause 31.1(b) of our latest deed permits the payment of a benefit as a non-commutable pension and clause 38 sets out the conditions that apply to these payments. Also, "pension" as defined in clause 2 of our latest deed specifically includes a transition to retirement income stream.
More information can be found on transition to retirement pensions at http://www.ato.gov.au/super/content.asp?doc=/content/74219.htm and also at http://www.ato.gov.au/super/content.asp?doc=/Content/74202.htm.