Local, personable and assured legal services
Albany and the Great Southern
Local, personable and assured legal services - Albany and the Great Southern

Can super proceeds be paid to an Estate then a dependant and still remain tax-free?

The answer is yes. Section 302.10 of the ITAA 1997 is entitled Superannuation death benefits paid to trustee of deceased estate. It applies to you if: you are the trustee of a deceased estate; and  you receive a superannuation death benefit in your capacity as trustee.   To the extent that 1 or more beneficiaries of the estate who were  death benefits dependants of the deceased have benefited, or may be expected to benefit, from the superannuation death benefit: the benefit is treated as if it had been paid to you as a person who was a death benefits dependant of the deceased; and the benefit is taken to be income to which no beneficiary is presently entitled.

 

By | 2018-12-06T07:01:09+00:00 December 4th, 2018|Springdale News|0 Comments

Leave A Comment