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Answered in 7 hours by:
4/21/2012
Leon, Solicitor
Category: Australia Law
Satisfied Customers: 52,712
Experience: BEc Dip Ed, Dip Law (SAB) MTax (UNSW)
VerifiedGood Morning
If it is transferred to your superannuation you will be taxed at 15%.
You will still pay tax when you take it out and it may be more.
Here is an article about taxation of Superannuation.
Look at the heading Taxation of TPD Benefit
http://www.completesuccession.com.au/page%2001.3.2.html
I hope this is of assistance and if so please click on the accept button.
Leon, Solicitor
Category: Australia Law
Satisfied Customers: 52,712
Experience: BEc Dip Ed, Dip Law (SAB) MTax (UNSW)
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