Published on 29 Aug 13
by NATIONAL DIVISION, THE TAX INSTITUTE
The treatment of pensions has undergone radical change in recent times, and continues to do so. This paper explores:
- taxation of fund income earned on pension assets
- implications of under-paying minimum pension payments
- continuation of the “pension phase” tax concession after the death of a pensioner
- auto-reversionary pensions and binding death benefit nominations – which should be used and which trumps the other?