Government fixes surprise taxes with death benefits

An unintended tax consequence of the latest round of superannuation reforms, which adversely impacted death benefit rollovers, has been corrected by the federal government.

by | Nov 1, 2018

Government fixes surprise taxes with death benefits

Assistant Treasurer Stuart Robert has now stated that the government will be changing the law to make sure that death benefits that include life insurance proceeds are not subject to tax when they are rolled over to a new superannuation fund.

Read the full article at Accountants Daily.

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