This module provides the final overlay of taxation on benefit payments. Having identified the components of a member’s interest, the proportioning that applies to benefit payments and the types of benefits that can be paid, the final step is to determine how much tax is to be paid on those benefits. The module also considers the taxation treatment of non-standard benefit payments such as disability superannuation benefits and terminal illness benefits.

LEARNING OUTCOMES

On completing this module, participants should be able to:
• calculate how much tax is payable on a lump sum or pension
• identify the taxation implications of paying a reversionary pension
• calculate the tax-free portion of a disability superannuation lump sum
• calculate the untaxed element of a superannuation lump sum death benefit payable to a non-tax dependant.