×
To use this feature, you need to log in to your account.
Don't have an account yet?
Create an account.
×
To use this feature, you need to log in to your account.
Don't have an account yet?
Create an account.
When a member dies, the SMSF has a compulsory obligation to pay a death benefit to a dependant or other eligible beneficiary of the deceased as soon as practicable. A super death benefit can be paid either as an income stream or a maximum of two lump sums, or a combination depending on who will receive it.
Trustees should always consult the legislation and seek advice as to how best to structure the death benefit.
Last modified: 26 Nov 2024
Running a self-managed super fund (SMSF)
Steps | Progress | |||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
What is an SMSF? |
3 mins | |||||||||||||||||||||||
Your obligations when running an SMSF |
1 mins | |||||||||||||||||||||||
Contributions and rollovers |
1 mins | |||||||||||||||||||||||
Contributions |
6 mins | |||||||||||||||||||||||
Rollovers |
6 mins | |||||||||||||||||||||||
Managing your fund’s investments |
36 mins | |||||||||||||||||||||||
|
||||||||||||||||||||||||
Paying super benefits |
8 mins | |||||||||||||||||||||||
Types of benefits |
18 mins | |||||||||||||||||||||||
|
||||||||||||||||||||||||
Reporting and administration |
1 mins | |||||||||||||||||||||||
Understand how your fund is taxed |
5 mins | |||||||||||||||||||||||
Value your fund’s assets and prepare financial statements |
2 mins | |||||||||||||||||||||||
Arrange and receive an SMSF audit |
7 mins | |||||||||||||||||||||||
Lodge your SMSF annual return (SAR) |
4 mins | |||||||||||||||||||||||
PAYG withholding obligations |
4 mins | |||||||||||||||||||||||
Reporting transfer balance cap events |
3 mins | |||||||||||||||||||||||
Record-keeping requirements |
2 mins | |||||||||||||||||||||||
Notify the ATO and ASIC of changes |
2 mins | |||||||||||||||||||||||
Consider professional advice |
2 mins | |||||||||||||||||||||||
Help and more information |
3 mins | |||||||||||||||||||||||
|
||||||||||||||||||||||||
Related courses |
1 mins | |||||||||||||||||||||||
Course Feedback |
||||||||||||||||||||||||