INCOME TAX ASSESSMENT ACT 1997 - SECT 302.90 Deceased died aged under 60 and dependant aged under 60--superannuation income stream: element untaxed in fund is assessable income
INCOME TAX ASSESSMENT ACT 1997 - SECT 302.90
Deceased died aged under 60 and dependant aged under 60--superannuation income stream: element untaxed in fund is assessable incomeThe * element untaxed in the fund of a * superannuation income stream benefit that you receive because of the death of a person of whom you are a * death benefits dependant is assessable income if:
(a) you are aged under 60 when you receive the benefit; and
(b) the deceased died aged under 60.
302 - 140 Superannuation lump sum--tax free status of tax free component
302 - 145 Superannuation lump sum--element taxed in the fund taxed at
15%, element untaxed in the fund taxed at 30%