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Talk of a $5M Cap on Superannuation Balances., page-218

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geffa9

14,243 Posts.

639

05/03/23

18:52

Post #: 66612718
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Originally posted by Old Engineer ↑

Some commentary I've seen basically says the surviving partner can get a lump sum death benefit in cash but they can't roll it over into their super fund if it takes their fund above $3M without the ATO giving them a personal tax bill for 30% of the contribution above the $3M limit.

But it will be something like 2 years before anything is enacted on this proposal so I'm not making any plans at the moment.

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even now you can’t roll a death benefit into your own super, either needs to be paid out in cash or a seperate death benefit pension is started.
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