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Superannuation tax treatment in a testimonial trust, page-2

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geffa9

14,102 Posts.

633

08/04/23

17:10

Post #: 67193422
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Originally posted by Boater ↑

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.

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up to 15% tax and I believe the estate than gets taxed up to 15% but I’m not 100% sure so pls get advice.
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