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Forgotten most of the issues with the RBL. It was introduced to limit the amount which could be in superannuation (gee, ahead of its time given the current brouhaha.) It was indexed to AWOTE and there were two parts. An amount which could be taken as a lump sum or as an account-based pension. The other which was double that amount where a minimum of 50% was to be taken as a pension. Anything in superannuation above these limits were pretty heavily taxed if I recall correctly.

I read an article a few years ago where actuaries considered it should be reintroduced.

Here is a link to the ATO which provides the tables up until the RBL was abolished. Well done Howard/Costello.

[URL unfurl="true"]https://www.ato.gov.au/Rates/Key-superannuation-rates-and-thresholds/?anchor=Reasonablebenefitlimits[/URL]

<blockquote data-quote="Belli" data-source="post: 1218541" data-attributes="member: 71583">Forgotten most of the issues with the RBL.&nbsp; It was introduced to limit the amount which could be in superannuation (gee, ahead of its time given the current brouhaha.)&nbsp; It was indexed to AWOTE and there were two parts.&nbsp; An amount which could be taken as a lump sum or as an account-based pension.&nbsp; The other which was double that amount where a minimum of 50% was to be taken as a pension.&nbsp; Anything in superannuation above these limits were pretty heavily taxed if I recall correctly.I read an article a few years ago where actuaries considered it should be reintroduced.Here is a link to the ATO which provides the tables up until the RBL was abolished.&nbsp; Well done Howard/Costello.[URL unfurl=&quot;true&quot;]https://www.ato.gov.au/Rates/Key-superannuation-rates-and-thresholds/?anchor=Reasonablebenefitlimits[/URL]</blockquote>

[QUOTE="Belli, post: 1218541, member: 71583"] Forgotten most of the issues with the RBL. It was introduced to limit the amount which could be in superannuation (gee, ahead of its time given the current brouhaha.) It was indexed to AWOTE and there were two parts. An amount which could be taken as a lump sum or as an account-based pension. The other which was double that amount where a minimum of 50% was to be taken as a pension. Anything in superannuation above these limits were pretty heavily taxed if I recall correctly. I read an article a few years ago where actuaries considered it should be reintroduced. Here is a link to the ATO which provides the tables up until the RBL was abolished. Well done Howard/Costello. [URL unfurl="true"]https://www.ato.gov.au/Rates/Key-superannuation-rates-and-thresholds/?anchor=Reasonablebenefitlimits[/URL] [/QUOTE]

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