Superannuation - Pensions and death
Source: Taxation In Australia Journal Article
Published Date: 1 Feb 2013
Important changes to Australia’s superannuation laws in 2007 included the removal of the compulsory cashing of benefits for superannuation fund members at age 65. This made superannuation funds capable of storing wealth for longer than was previously allowed. This and related factors mean that superannuation advisers must not neglect pension planning and superannuation estate planning. This article is intended to help advisers understand pensions, and details the various taxation and superannuation estate planning issues that their pension clients may face.
The article discusses when to commence a pension, the various types of available pensions, when and how to commute, and pension strategies after a review of the tax treatment of superannuation benefits. Case studies are provided illustrating the principles discussed. An Appendix describes the features of the various pensions and commutation conditions in more detail.
Sorry, this is subscriber only content.
To gain access to this material and much more - Subscribe Now.
(Note: Members can access Taxation in Australia journal articles without a Tax Knowledge Exchange subscription - please log in to access).
Already a Subscriber? Login now
Details
- Published By: Thalia Kalaboukas
- Published On:1 Feb 2013
The material is copyright. Apart any fair dealing for the purpose of private study, research criticism or review, as permitted under the copyright Act, no part may be reproduced by any process without written permission from The Tax Institute.
Unless expressly stated, opinions are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.
The Tax Institute
(ABN 45 008 392 372 (PRV14016))
("TTI")
The Tax Institute is a Recognised Tax Agent Association (RTAA) under the Tax Agent Services Regulations 2009.
Copyright Statement
All materials provided on this site are protected by copyright and are owned by or licensed to TTI.
Except as expressly permitted by TTI or the copyright owner, any person or company who uses this site must not use, reproduce, redistribute, retransmit, publish or otherwise transfer, or commercially exploit, the materials or any information, software or other content, in whole or in part, which is available through this site.
Tags
Share this page