I am preparing a new Will and have in mind transferring my superannuation assets to a testimonial trust with a defined life span short of the 80 year maximum duration of a trust. If superannuation assets are transferred to beneficiaries under my Will the recipient is liable for a 15% tax, I am trying to ascertain how a transfer to a testimonial trust is treated for tax purposes where the beneficiary has no entitlement to capital proceeds until the trust is dissolved. I am conscious that the government changes superannuation and tax obligations frequently and there can be little protection against this. Grateful any thoughts.
