We have done shows on the PSSaP before. If you go to www.envisionfinancial.com.au we all of the podcasts on the blog site and there we have a special one on the PSSap.
What if you only live for 5 years after the Pss pension kicks in and you've outlived your spouse, is there a lump sum for your children or is the money just wiped?
If the total pension received is less than the lump sum that funded it anything left over would be paid to the estate. If the pension received is more than the lump sum the pension ends and nothing is paid out.
Different fund setup to PSS but you can also add to another fund with your concessional cap space. Just ask the fund for your recorded amount and set up another fund.
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can you please also talk about PSSAP. thanks
Did you catch this recent show, Luke talks about it in more detail ruclips.net/video/vsySxrlqCZ4/видео.html
We have done shows on the PSSaP before. If you go to www.envisionfinancial.com.au we all of the podcasts on the blog site and there we have a special one on the PSSap.
What if you only live for 5 years after the Pss pension kicks in and you've outlived your spouse, is there a lump sum for your children or is the money just wiped?
If the total pension received is less than the lump sum that funded it anything left over would be paid to the estate. If the pension received is more than the lump sum the pension ends and nothing is paid out.
Does this apply to Military Super MSBS?
The fund operates slightly differently to the PSS and the final benefit is worked out using a different formula.
@@thestrategystacker many thanks
Different fund setup to PSS but you can also add to another fund with your concessional cap space. Just ask the fund for your recorded amount and set up another fund.