Death and taxes – BEE-yond the grave

  • Presentations, Technical Resource
  • Death benefits

National Conference 2023

Whilst death and taxes are both inevitable, SMSFs offer unique opportunities that can assist in reducing tax payable on superannuation death benefits.
 
In this session we will review the taxation of death benefits and review strategies that can minimise death benefits tax in an SMSF as well as share examples and insights including:
 
  • Briefly revisiting the recontribution strategies available to older clients post 1 July 2022
  • Considering the opportunities to minimise tax on insurance proceeds
  • Examining the conditions required to utilise the deduction for future liability to pay benefits
  • Dealing with legacy pension reserves on death.

The contents of this resource are taken to be correct at the time of publication.

Disclaimer: Technical Papers contain general advice only and are prepared without taking into account particular objectives, financial circumstances and needs. The information provided is not a substitute for legal, tax and financial product advice. Before making any decision based on this information, you should assess its relevance to the individual circumstances of your client. While the SMSF Association believes that the information provided is accurate, no warranty is given as to its accuracy and persons who rely on this information do so at their own risk. The information provided in this bulletin is not considered financial product advice for the purposes of the Corporations Act 2001. © SMSF Association