Eligibility
Refer to the links below for a full discussion of who is eligible for a Departing Superannuation Payment.
From 1 April 2009 to 30 June 2014
If you receive a super benefit before you are 60, your benefit will have a portion which is tax-free and a portion which is taxed. The rates below apply for applications received from 1 April 2009. Refer to the links below for more details.
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Component
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Tax payable
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Tax-free component
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No tax payable
|
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Taxable component
> Element taxed in the fund
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35%
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Taxable component
> Element untaxed in the fund
|
45%
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From 1 July 2007 – 31 March 2009
If you receive a super benefit before you are 60, your benefit will have a portion which is tax-free and a portion which is taxed.
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Component
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Tax payable
|
|
Tax-free component
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No tax payable
|
|
Taxable component
> Element taxed in the fund
|
30%
|
|
Taxable component
> Element untaxed in the fund
|
40%
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