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Notes Online Home 2017 Super Schools Day 1 A practical guide to paying death benefits from an SMSF
Common practical issues with applying the complusory ‘cashing rules’ after death
In this section of the notes, we present the common practical issues with applying the compulsory ‘cashing rules’ after death:
- Who can receive a deceased member’s superannuation entitlements after death?
- In what form can a deceased member’s benefits be paid from a superannuation fund (including an SMSF)?
- Rolling over adeceased member’s entitlements to another fund for immediate ‘cashing’ – SIS Reg 6.21 (3)
- Restrictions associated with paying death benefit pensions – SIS Regs 6.21 (2A) and (2B)
- Commuting a death benefit pension and retaining the commuted amount in the fund – recent developments
- When can a superannuation death benefit be paid by way of an ‘in-specie’ transfer?
- Can a death benefit be paid from a fund by way of journal entry in the books of the fund?
Determining how a deceased member’s superannuation entitlements are paid out upon death