Remove the anti-detriment provision in respect of death benefits from superannuation

In the 2016-17 Budget it was announced that from 1 July 2017 the anti-detriment provision will be removed in respect of death benefits.

This provision currently allows superannuation funds to claim a tax deduction for additional lump sum death benefits paid to beneficiaries who are dependants of the member. This additional lump sum effectively refunds the members lifetime contributions tax payments to the estate.

Legislation and supporting material

  • Legislation is currently being developed for this measure.

Find out more

    Last modified: 03 May 2016QC 48873