Independent Financial Adviser --- Page: 32-33 : 30 July 2007 No author supplied for original article
LexisNexis Summary
Account-based pensions, introduced in Australia from 1 July 2007, have been generally well received by financial planners and clients. However, one aspect of the new regime that has caused concern relates to the taxation of death benefits when paid to a non-dependent of the client. There are a number of strategies that planners can recommend to clients who are concerned about the potential of death benefits to be taxed, including trying to minimise the taxable component of the account-based pension.
