Sentences with phrase «super as a lump»

When you retire, you can choose to get your super as a lump sum, a regular income stream (for example, $ 400 a month), or a combination of both.

Taking your super as a lump sum can have tax and Centrelink implications and is often not the best way to deal with your super.

You can choose to receive your super as a lump sum, a regular income stream (e.g. $ 400 a month) or a combination of both.

You can choose to receive your super as a lump sum, a retirement income stream (e.g. $ 600 a fortnight), also known as an account - based pension, or a combination of both.

However, the new fund must commence a death benefit income stream or pay the amount out of super as a lump sum (or a combination of these).

Not exact matches

To make ganache, blend all ingredients in a high speed blender until super smooth and creamy, with no lumps, scraping down the sides of the blender as necessary.

The consequences — from allowing states to render poor and minority kids invisible altogether through such subterfuges as lumping all of subgroups into a so - called super subgroup category, to ignoring the failures of suburban districts to improve education for all children, to intolerable incoherence in federal education policy — were clear from the beginning.

As Dropout Nation has reported over the past year, the Obama waiver gambit is already allowing 37 states and the District of Columbia to ignore poor and minority kids, rendering them invisible altogether, through such subterfuges as lumping all of subgroups into a so - called super subgroup category that obscures data on the performance of districts and schools in helping each and all kidAs Dropout Nation has reported over the past year, the Obama waiver gambit is already allowing 37 states and the District of Columbia to ignore poor and minority kids, rendering them invisible altogether, through such subterfuges as lumping all of subgroups into a so - called super subgroup category that obscures data on the performance of districts and schools in helping each and all kidas lumping all of subgroups into a so - called super subgroup category that obscures data on the performance of districts and schools in helping each and all kids.

It has been clear long ago that the Obama waiver gambit allows states to ignore poor and minority kids, rendering them invisible altogether, through such subterfuges as lumping all of subgroups into a so - called super subgroup category that obscures data on the performance of districts and schools in helping each and all kids.

The tax treatment of both super and death benefits is also affected by whether the benefits are paid as a lump sum or income stream (regular payments).

A payment can only be a rollover super benefit if it first qualifies as both a super lump sum and super member benefit.

Your fund must pay your super to you as a lump sum.

Note: From 1 July 2017 partial commutation payments are treated as super lump sums for tax purposes and do not count towards minimum annual pension payment requirements.

From 1 July 2017, you will no longer be able to elect to treat your super income stream benefits (that is, the periodic payments you receive) as lump sums for tax purposes.

A withdrawal and re-contribution strategy involves withdrawing a lump sum from super and then re-contributing the money back as a tax - free non-concessional (after tax) contribution.

If you commute part of a retirement - phase super income stream and pay the commuted lump sum to your former spouse as part of a payment split

the member's account balance is no longer seen as supporting a TRIS and t any payments made during the year (not just the amount in excess of the limit) will be super lump sums for income tax purposes and lump sums for SIS Regulations purposes

This means until the member has satisfied a condition of release with a «nil» cashing restriction, any unrestricted non-preserved benefits of theirs allocated to the TRIS (which would otherwise be fully accessible as a lump sum super benefit) are diminished by the annual pension payments from the TRIS.

If a member has a terminal medical condition and two medical professionals certify that the condition is likely to result in the member's death in the next 24 months, the balance of their super account may be paid as a tax - free lump sum benefit.

To withdraw money from your super fund, either as a lump sum or through a regular pension (known as an «income stream»), you must meet a «condition of release».

Non-dependent beneficiaries will only be able to receive super death benefits as a lump sum.

You can buy an annuity (also known as a lifetime or fixed - term pension) from a super fund or life insurance company with a lump sum from your super or other savings.

Any payments made to the member during that income year are treated as super income stream benefit payments (that is, pension payments) and not super lump sums.

It is paid and taxed as a normal super lump sum.

Alternatively, Sasha could partially commute the reversionary death benefit income stream, but she would have to pay the commuted amount as a lump sum out of the super system.

The assessable amount of a super lump sum from a foreign super fund transferred directly to an Australian super fund is referred to as applicable fund earnings.

If your fund receives a super lump sum directly from a foreign super fund, your member can choose to have some or all of the assessable part of the lump sum treated as assessable income of your fund.