Hi Simco,
What you have posted is what I also understand the position to be. The only thing I can add is that if a person is over 60+ I understand there is no tax on eligible income streams including allocated pensions. Such pensions after turning 60 dont even have to be declared to the tax office at all. The Super fund still has to lodge all the relevant Fund reports to ATO or APRA as would normally apply but the beneficiary does not have to declare the income. You may still apply for a refund of eligible franking credits.
cheers
eagle
I am not a Financial Planner and my post may be incorrect. Please check issues through the ATO or a licensed financial planner to establish the precise situation
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