Technically Speaking: Death Benefit Pensions

Welcome to this month’s edition of Technically Speaking with SPAA’s Director, Technical & Professional Standards, Graeme Colley.

In this edition, Graeme will provide an update on the amendments to the income tax law for non-reversionary pensions on the death of a pensioner.  These changes have an impact on the calculation of exempt current pension income and the calculation of the taxable and tax free components under the proportioning rule.

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

Disclaimer: Technical Papers contain factual information only and are prepared without considering particular objectives, financial circumstances and needs. The information provided is not a substitute for legal, tax and financial product advice. The information contained in this document does not constitute advice given by the SMSF Association to you. If you rely on this information yourself or to provide advice to other persons, then you do so at your own risk. The SMSF Association is not licensed to provide financial product advice, legal advice or taxation advice. We recommend that you seek appropriate professional advice before relying upon the information in this technical paper. 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 paper is not considered financial advice for the purposes of the Corporations Act 2001. © SMSF Association