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Superannuation - Pensions and death

Published on 01 Feb 13 by "TAXATION IN AUSTRALIA" JOURNAL ARTICLE

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.

Author profile:

Thalia KALABOUKAS
Thalia is a Solicitor with Maurice Blackburn Cashman Commercial, Lawyers. She advises accountants, financial advisers, high net-worth individuals and superannuation fund trustees on superannuation, financial services disclosure, estate planning, trust and taxation issues affecting superannuation and worker entitlement funds.
Current at 28 November 2006 Current at 11 February 2013 Click here to expand/collapse more articles by Thalia KALABOUKAS.
 

 

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