Defined benefits face scrutiny in super reform plan
Defined benefits face scrutiny in super reform plan
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As a firm working across Brisbane and Canberra, we see defined benefit super every day. Two traps come up again and again 👇 After 60, a portion can be non-taxable yet pre-fill still brings it in as taxable; and the defined benefit income stream tax offset must be calculated and entered manually, the ATO won’t add it for you. If either was missed, prior returns can be amended and refunds recovered. If you draw a defined benefit pension, this review is worth doing! | Nexis Accountants & Business
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