What you should know: Don’t take too long to pay a benefit – it may change from a member benefit to a death benefit!

A very interesting (and surprising) Private Binding Ruling has been recently released by the ATO (reference details at the foot of the article). In short, because a trustee (of a self-managed superannuation fund) took over 28 weeks to pay a commutation lump sum, the benefit was considered to be a death benefit and not a member benefit.

Guest User25 August 2023FINANCIAL ADVISOR ADELAIDE, FINANCIAL PLANNER ADELAIDE, SMSF Pension Commutation Adelaide, Self Managed Super Fund Advice Adelaide, Superannuation Death Benefit Rules AdelaideComment

Humble Goode Financial Planning & Wealth Management

**“Building & Preserving Personal Wealth.”**

Humble Goode Financial | Blog

Humble Goode Financial Planning & Wealth Management

“Building & Preserving Personal Wealth.”

**“Building & Preserving Personal Wealth.”**