Published on 17 Oct 08
by VICTORIAN DIVISION, THE TAX INSTITUTE
Note: This paper was delivered at both the Victorian and Tasmanian Conventions in 2008 (9-11 October and 17-18 October respectively).
Having a detailed understanding of the contribution and cashing rules for superannuation can allow you to maximise strategies and avoid problems, including when a member dies. This paper addresses some of the more common questions raised by advisers and also highlights certain benefits and opportunities for clients. Topics covered include:
know the ‘bring forward rule'
utilising the transitional concessional contribution cap
understanding the ‘Retirement' condition of release
angel of death withdrawal strategy
death benefit nominations
trustee discretions when paying benefits.
Vesna is a Principal at Mercer. She has been in the Financial Services industry for over 20 years, and provides technical support to financial planners in the areas of superannuation, retirement incomes, social security, insurance and estate planning. Current at 18 August 2009
The Tax Institute is a Recognised Tax Agent Association (RTAA) under the Tax Agent Services Regulations 2009.
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