Minimising taxation on super death benefits

1. Which of the following amounts may Helen, age 67, receive into her superannuation account without having to satisfy the work test?

A) A personal contribution with funds drawn from her banking account(s)

B) A contribution upon which she intends to claim a tax deduction

C) A government co-contribution

D) Both 1 and 2

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2. If Helen's superannuation account on 1 June 2022 was $1.5m, with a taxable component of $1.1m, what would have been the total tax liability on her estate at that point in time?

A) $60,000

B) $165,000

C) $135,000

D) $225,000

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3. Which individual(s) are entitled to receive a member's superannuation death benefit tax-free?

A) Their spouse

B) A legal personal representative

C) An unemployed 21-year-child living away from home

D) Both 1 and 2

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4. Individuals, age 65 or over, whose only source of income is dividends are ineligible to make concessional superannuation contributions.

A) True

B) False

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5. From 1 July 2022, a member under age 75 can make unlimited non-concessional contributions into their superannuation account.

A) True

B) False

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