INCOME TAX ASSESSMENT ACT 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-30 - SUPERANNUATION  

Division 301 - Superannuation member benefits paid from complying plans etc.  

Subdivision 301-B - Member benefits: general rules  

Member benefits - recipient aged over preservation age and under 60

SECTION 301-25   Superannuation income stream - taxable component attracts 15% offset  

301-25(1)  
If you are under 60 years but have reached your *preservation age when you receive a *superannuation income stream benefit, the *taxable component of the benefit is assessable income.

301-25(2)  
You are entitled to a *tax offset equal to 15% of the *taxable component of the benefit.

Note 1:

For taxable component , see Subdivision 307-C .

Note 2:

If your superannuation income stream benefit includes an element untaxed in the fund, see Subdivision 301-C .


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