OVERVIEW
This module provides the relevant references to paying benefits from a self-managed superannuation fund (SMSF) in the event of the death of a member. It revisits the trustee requirements on death, the benefit payment options and references the appropriate taxation. The module also investigates the ways in which a member can direct the trustees of their fund to pay their benefit when they pass away.
Following on from the death of a member, this module looks at a number of taxation deductions available to the fund once a death benefit has been paid and finally provides a guide to winding up the SMSF.
LEARNING OUTCOMES
On completing this module, you should be able to:
- evaluate the different types of superannuation death benefit nominations that can be
made - differentiate a Superannuation Industry (Supervision) Act 1993 (Cth) dependant and a
tax dependant - identify the different tax deductions that may be available to a superannuation fund
following the death of a member - explain how to wind up an SMSF and associated advice consideration
SMSF Advice - SMSF Controls - planning for life
Member: $220.00
Non-Member: $275.00
Non-Member: $275.00