Taxation of Super Payments to Individuals

/Taxation of Super Payments to Individuals
Taxation of Super Payments to Individuals2018-11-06T17:45:15+00:00

Taxation of Super Payments to Individuals

There are two ways in which a member can be paid benefits from a super fund: in lump-sum amounts or as a pension. The tax treatment differs for each of these benefit payments, and also differs depending on the age of the member receiving the benefit. Tax is only ever paid on concessional taxable benefits received and not on non-concessional tax-free benefits received.