Tag: Superannuation

As detailed in part 1 of our Superannuation Estate Planning series, superannuation death benefits can only be paid to a member’s legal personal representative(s) -LPR- and/or their dependants as defined by the Superannuation legislation (SIS). Although these parties may qualify as a superannuation dependant the benefit may be subject to tax. The tax treatment of death benefit payments relies upon whether the beneficiary qualifies as a dependant for tax purposes. The below table summarises both Superannuation (SIS) dependants and tax dependants.