This step-by-step guide will help you, as trustee of your SMSF, to comply with the tax and superannuation laws when paying a lump sum to a member. This guide does not cover:
- Lump sums made after the death of a member. We consider this to be a specialist area – please seek advice from an SMSF Specialist Advisor.
- Lump sum payments made from a member’s pension account.
- Rollovers or transfers to another super fund.
Disclaimer: This guide does not seek to provide personal advice specific to your needs, it is intended only as a guide for illustrative purposes only. We encourage you to seek advice from an SMSF Specialist Advisor.
Lessons associated with this course are reserved for members of our free community and SMSF Connect members.