Untaxed plan cap amount

Untaxed plan cap amount means the recipient of the untaxed benefit can receive concessional tax treatment of superannuation lump sum benefits up to this limit.

Set out below are SuperGuide articles explaining Untaxed plan cap amount.

Super rates and thresholds for the 2012/2013 year

July 19, 2012
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For the 2012/2013 year, the concessional contributions caps for over-50s has changed dramatically – the concessional cap has halved for over-50s, while the concessional cap for under-50s, and the non-concessional contributions caps for everyone, remain at 2011/2012 levels. The ATO has also … [Read more...]

Estate planning: Beware the dastardly death tax

September 15, 2011
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Although superannuation death benefits are tax-free when paid to dependants, a “death tax” continues to apply when super monies are paid to non-dependants. Any of your children aged 18 or over, who can’t prove they were dependent on you financially, or can’t prove they have an … [Read more...]