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Benefit payments paper

Published on 12 Sep 13 by NATIONAL DIVISION, THE TAX INSTITUTE

The theory relating to benefit payments is well known as are some of the strategies on how to pay benefits in the most tax-effective manner. This paper explores the less common, possibly forgotten strategies that surround the laws on benefit payments by:

  • recapping on the taxation arrangements on lifetime and death benefits
  • discussing the implications of electing for a payment not to be treated as anincome stream
  • exploring the benefit of rolling back a pension now and commencing a new onelater
  • planning for income and salary sacrificing to maximise benefits
  • considering the opportunities with estate planning.

Author profile

Philip Broderick CTA
PhilBroderick, CTA, is a principal of Sladen Legal and heads its superannuation team. He is member of a number of superannuation related committees. This includes being the co-chair of The Tax Institute’s superannuation committee and the chair of SISFA’s technical committee. He is also a member of number of the ATO’s superannuation liaison groups including the Superannuation Industry Relationship Network (SIRN) and the Superannuation Industry Stewardship Group (SISG). Phil is also heavily involved in liaising with Treasury andATO in relation to the implementation of new super laws and administrative practices. Phil’s areas of practice include superannuation, estate planning and succession, duties and state taxes, trusts, federal tax and business structuring. He is regular author and presenter. His articles have featured in The Tax Institute’s Taxation in Australia Journal and CCH’s Super News. He has presented at seminars and conferences conducted by The Tax Institute, the Television Education Network, Legalwise and various accounting bodies. - Current at 16 April 2019
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This was presented at National Superannuation Conference .

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