INCOME TAX ASSESSMENT ACT 1997 - SECT 301.10 All superannuation benefits are tax free

INCOME TAX ASSESSMENT ACT 1997 - SECT 301.10

    If you are 60 years or over when you receive a * superannuation benefit, the benefit is not assessable income and is not * exempt income.

Note 1:   Your superannuation benefit may be a superannuation lump sum or a superannuation income stream benefit: see sections   307 - 65 and 307 - 70.

Note 2:   If your superannuation benefit includes an element untaxed in the fund, see Subdivision   301 - C.

Note 3:   If your superannuation benefit is a superannuation income stream benefit that is defined benefit income, see Subdivision   303 - A.