Does the trust deed for the SMSF have to specifically allow for the payment of a TRIS?

The trust deed for the fund must allow for the TRIS to be paid.  Trust deeds drafted before mid-2007 will not expressly allow for a TRIS to be paid, as the legislation in relation to TRISs was only finalised at that time.  If the existing trust deed was drafted before mid-2007, we would recommend that it now be upgraded for this reason alone (if requested, we can now arrange for the trust deed to be upgraded).