Refund of contributions tax
If a lump sum death benefit is paid to your estate for the benefit of your spouse, former spouse or child, where certain criteria are met, we may increase the death benefit to compensate for income tax paid on relevant contributions and investment earnings while your benefits were accumulating.
Any increase is conditional upon the Fund being eligible for, and able to use, the deduction in that tax year. The trustee has full discretion to identify which beneficiaries, if any, may receive this additional benefit.
As a result of amendments to remove discrimination against against same-sex couples in the Commonwealth legislation, eligibility for an increase in a death benefit lump sum may be extended to a same-sex de facto partner and a child of either partner of a same-sex de facto relationship with effect from 1 July 2008.
