When planning for retirement the first step is to provide a cash reserve and the second step is to establish a secure income. A secure and stable income will provide you with peace of mind that you are able to cover your everyday living expenses.
Read MoreIn a recent Private Binding Ruling the ATO was asked to consider the tax treatment of the death benefit where the death benefit was paid after the surviving spouse had passed.
When a member of a superannuation fund passes away, any benefit they have within superannuation must be cashed as soon as practicable.
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