There were significant tax advantages to consolidating several superannuation accounts prior to 1 July 2007. This is particularly so in the case of super contributions that were made prior to 1 July 1983. However, the Australian Government's superannuation reforms that took effect at the start of the 2007-08 financial year have eliminated any tax benefits associated with super that pre-dated 1 July 1983, while there is also no longer any tax advantage to consolidating multiple accounts. However, such consolidation could result in tax benefits for beneficiaries of a super fund member after their death.
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