estate planning


Regulatory Aspects

Lump Sum death benefits are only tax free if paid to a tax dependant. A non tax dependant will incur a tax impost and can only receive lump sum benefits. Tax on a reversionary pension depends on the age of the primary and reversionary beneficiary.

 

Insurance proceeds can form part of an untaxed element. Employer Death Benefits now have special provisions.

 

Self Insurance

We are willing to issue a Section 295-465 Certificate provided reserves exist to cover the largest possible single claim.

 

See our Self Insurance Calculator here .. >
See our Report Request Form here .. >


Death Involving a Defined Pension

Unless there is a guaranteed period, a residual capital value, or a reversion, the death of the pensioner can mean all remaining assets backing the defined pension are released to reserve. Bendzulla Actuarial can assist in determining how these reserves can best be allocated/distributed to current or future members of the fund.