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  Miscellaneous 2006

Paying death benefits from super funds

Source: South Australia

Published Date: 5 May 2006

 

This presentation deals with the taxation consequences of the death of a member of a SMSF. Issues arising with death benefits are demonstrated by way of case studies. In particular the presentation reviews:

  • the rules relating to the payment of death benefits
  • the tax consequences of payment including a consideration of Lump Sum Death Benefit ETPs
  • the tax consequences of non excessive and excessive components of death benefit ETPs including RBL considerations
  • the payment of pensions after the death of a member
  • if an SMSF can pay pensions to children and any estate planning opportunities that might exist
  • the tax consequences of a life insurance payout received by a deceased estate
  • binding death benefit nominations.

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Author(s)

Individual Session

Paying death benefits from superannuation funds

Author(s): Tony Simmons
Materials from this session:

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Details

  • Published By: Tony Simmons
  • Published On:5 May 2006
  • Took place at:Novotel Barossa Valley Resort

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