CMN.ATO.SMSFAR.436352 - Exempt current pension income cannot be greater than gross income.


Description: In this case, it is important to check to see if the gross income is negative. If it is (expenses are greater than income or some negative value from a partnership loss), then the following should be considered -

If Answer to question "Did the fund pay an income stream" is NO then Exempt current pension income must be equal or less than Gross income. That's according to SBR.

Solution:

Set to "YES" for Exempt Pension incomeand add $1 as Pension income.

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