Introduction How the Super is Split Strategies to consider in a Relationship Breakdown Introduction The rules relating to the splitting of superannuation entitlements need to accommodate the family law. The important considerations of the family law act to note is: family law act is different in each
Read more →Prior to 1.7.07 the two common forms of pensions were Allocated Pensions (“AP’s”) and Complying pensions. On 1.7.07 new Superannuation reforms were introduced to increase the incentives for retirement savings and withdrawals of super funds in the form of pensions. These new pensions are called Account Based
Read more →What is a Pension When & How Much can I withdraw or add to a Pension (AP) Can I inspecie transfer property as a pension & Can I withdraw a Lump Sum from my Pension or Stop it What is the Tax on my Lump Sum/Pension/TRIS Withdrawal
Read more →What is a TRIS withdrawal When & How Much can I withdraw or add to a TRIS Can I Withdraw a TRIS as a Lump Sum or Stop it (UNPB) Cherry Picking a UNPB to take a Lump Sum or Pension What is the Tax on my
Read more →What is the Lump Sum Benefit withdrawal How Much can I withdraw as a Lump Sum What is the Taxable & Tax Free Amounts, Tax Rates on Withdrawal SUPERANNUATION TAX TABLE Lump Sum Paper Work How do I pay myself the Lump Sum Benefit What is the
Read more →What is a Lump Sum Death Benefit How Much can I withdraw as a Lump Sum Death Benefit Tax on a Lump Sum Death Benefit to a Non Tax Dependant Lump Sum Payment & Insurance Proceeds (Untaxed Element) Lump Sum Death Benefit Paper Work Paying the Death
Read more →Before withdrawing the benefit there are many advantages and disadvantages in the manner in which a super benefit is paid. Compulsory cashing – But before these are broadly outlined it is worth noting first that the trustee must cash (pay) a members benefits as soon as practicable
Read more →You can withdraw your money/assets from superannuation in the form of either: <Lump Sum benefit> Pension benefits – Transition-to-retirement-income-stream <TRIS> & Account-Based-Pension <ABP> Combination of both In order to withdraw a lump sum or pension benefit you need to meet a <condition of release>. The conditions of
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