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Showing 1 - 10 of 13 results for "Superannuation death benefits"

Super framework, SMSFs conducive to financial abuse: Inquiry

KARREN VERGARA  |  FRIDAY, 6 DEC 2024
... violence-related suicide, against a victim is declared an invalid beneficiary of the account holder's superannuation death benefits. "Something is very wrong when the perpetrators of economic abuse receive their victim's superannuation earnings," ...

AFCA consults on revised superannuation death benefits

MATTHEW WAI  |  TUESDAY, 8 OCT 2024
The Australian Financial Complaints Authority (AFCA) is seeking feedback on how it approaches superannuation death benefits in hopes to reduce disputes and misunderstandings when processing such complaints. This follows on from another consultation ...

AFCA seeks industry feedback on approaches

ELIZA BAVIN  |  FRIDAY, 14 JUN 2024
... superannuation. It is also looking to amend its approach to delayed insurance claims in the super industry and superannuation death benefits. In addition, it is seeking amendments and new approaches to various issues within the general and life insurance ...

Super bequest reform can boost charitable giving by billions: Report

ANDREW MCKEAN  |  TUESDAY, 24 OCT 2023
... relatively underutilised by most people. The report advocates for the removal of the 17% tax on superannuation death benefits directed to charities and calls for an amendment to legislation whereby charities could be a direct recipient of a death benefit ...

In need of repair: Gender stereotypes and advice

KARREN VERGARA  |  TUESDAY, 7 MAR 2023
... death, with a mean balance of about $500,000. "The wealth transfer between couples as a result of superannuation death benefits is something that will require forensic examination. Given the interaction of the superannuation caps, trigger events, as ...

APRA hones in on post-retirement products

KARREN VERGARA  |  TUESDAY, 23 NOV 2021
... future generations," the RIR report read. By 2059, the review estimated that about $130 billion in superannuation death benefits will be paid out - a whopping increase from the $17 billion in 2019. "This is not great for retirees, who may be unnecessarily ...

Super runs out before death: ASFA

KARREN VERGARA  |  WEDNESDAY, 31 MAR 2021
... to future generations," the report read. By 2059, the review estimated that about $130 billion in superannuation death benefits will be paid out - a whopping increase from the $17 billion in 2019. While inheritances can help the receiver prepare for ...

It's not you, it's quarantine

ELIZA BAVIN  |  THURSDAY, 9 APR 2020
... because superannuation can only go to tax dependants. "You need to make sure the estate has a separate superannuation death benefits trust in it, and this is the part most people don't understand," Hacker said. "For a normal trust you have all sorts ...

Treasury proposes standardised default insurance definitions

KARREN VERGARA  |  FRIDAY, 29 MAR 2019
... death benefit nominations is open for consultation until May 24. Legislation on the distribution of superannuation death benefits, ATSI peoples' kinship structures and how the law accommodates these structures are up for discussion. The consultation ...

Same super rules for same sex couples

MICHELLE BALTAZAR  |  FRIDAY, 12 DEC 2008
... address what has long been viewed as discrimination against same-sex de facto couples when it came to superannuation death benefits. Under existing Commonwealth superannuation and pension laws, it's not specified whether the same-sex spouse and dependent ...
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