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Taxation, Personal Succession, Superannuation Phil Broderick Taxation, Personal Succession, Superannuation Phil Broderick

Sladen Snippet – PBR confirms adult child can receive death benefits tax free

Can an adult child who earns their own income still receive superannuation death benefits tax free? In a recent private binding ruling, the ATO said yes. An adult child who worked, received JobSeeker Payment and received family trust distributions was still found to be financially dependent on her late parent, because she relied on the parent's regular support to maintain her normal standard of living. That made her a death benefits dependant, so the death benefit was received tax free.

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