Payment of deceased member’s benefits from one fund to another for immediate cashing – TD 2013/11
27 Jun 2013
On 26 June 2013 the ATO released Taxation Determination TD 2013/11, which asks the question: is a payment of all or part of a deceased member’s benefits in a regulated superannuation fund from that fund to another regulated superannuation fund, to immediately cash those benefits to a beneficiary of the deceased person, a “roll-over superannuation benefit” as defined in s 306-10 ITAA 1997?
The answer is no, such a payment is not a “roll-over superannuation benefit” as defined in s 306-10.
This Determination was not previously issued in draft.