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ATO ID 2015/23: new cashing super death benefits ruling

ATO ID 2015/23, journal entries, cashing superannuation death benefit lump sumThe ATO has issued a new ruling stating that journal entries to not satisfy the requirement to cash a superannuation death benefit, after withdrawing two recently issued rulings on the same topic: ATO ID 2015/23 Superannuation: Member’s benefits in a regulated superannuation fund must be ‘cashed’ upon death by being paid – mere journal entries insufficient.

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