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SMSF Updates

ATO clarification on reporting and paying death benefit rollovers

24 Oct, 2020

The Commissioner has clarified how superannuation funds should report death benefit rollovers, in light of the recent retrospective legislative changes to the treatment of the untaxed element of death benefit superannuation lump sums .

The Commissioner has set out how funds should report death benefit rollovers from fully taxed superannuation funds and rollovers from an untaxed or hybrid fund. 


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