When someone passes away their superannuation is paid to a dependent beneficiary or the trustee of the deceased estate in the form of a superannuation death benefit.² The superannuation death benefit can be taxable in certain circumstances, depending on who’s receiving the benefit and how it’...
Defined-benefit plans are broken down into two payment options: annuity and lump-sum payments. In an annuity payment plan, the payment is spread out and paid monthly until death. A lump-sum payment is the entire value of the plan paid at one time. Opting to take defined ...
What is the impact of bonuses issued on a compulsorily convertible debenture (CCD) if the bonus is declared before the conversion of the debentures? Which of the following risks can an annuity mitigate? A) Superannuation B) Mortality C) Superannuation and purchasing power D) Mortality and Purchas...
But my main worry currently is that there’s a remote possibility that the virus might significantly mutate again (and again). I must say I was relaxed about this until a virology Professor pointed out to me that the ever-weaker strain theory is just that, a theory. There is no proof o...
And unlike trauma insurance, both total and permanent disability and income protection insurances can be purchased within asuperannuation account. Superannuation funds arenot permittedto offer trauma insurance, so if you want trauma insurance you have to pay for this cover from your own pocket. ...
What type of tax is a fuel tax? What would be the average tax rate for a person who pay taxes of $6020 on a taxable income of $43,000? What type of stocks pay regular dividends? What is the base tax year? What is the average federal income tax rate? What is a superannuation con...
Estate plans incorporate the making of a will, your superannuation death nomination, power of guardianship,power of attorney, testamentary trusts, and medical treatment wishes if you’re no longer able to communicate. While having an estate plan in Australia is not a legal requirement, it can b...
Employees who have completed 5 years of continuous years of service with the employer are eligible for gratuity. It is paid to them at the time of termination of employment either due to retirement, resignation, superannuation, disablement, or death ...
In Australia, employees receivesuperannuation contributionsfrom their employer on top of their salary and wages. The superannuation fund (super) is typically available after retirement, but some payments can be provided early, as with disability. Circumstances for early payments include: ...
Why may we not interpret or discuss a correlation coefficient that is not statistically significant? Which of the following risks can an annuity mitigate? A) Superannuation B) Mortality C) Superannuation and purchasing power D) ...