Husband (H) and wife (W) are members of a self-managed superannuation fund, and as part of their estate planning, they want to direct the trustee of the fund to set up child pensions for their eligible children if either of H or W die early.
child pension
What is a Child Pension?
A child pension is simply a pension payable from a deceased member’s superannuation interest which is payable to a beneficiary who is under age 18, or aged between 18 and 25 who is financially dependent upon the deceased member or who is permanently incapacitated. The pension is an account-based pension which, if not exhausted by […]
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