With an increasing number of elderly parents living with their adult children, is it possible that an adult child of a deceased parent could, on the death of the parent, receive their parent’s superannuation tax free?
interdependency relationship
What is the essence of the interdependency relationship?
The essence is the relationship is the concept of a “close and personal relationship” which relationship would normally involve “living together” and the provision of “support” by one to the other (whether financial, domestic or personal care).
What is an interdependency relationship?
This is a concept introduced into the SIS and tax legislation in 2005. It seems to have been introduced as a means of providing tax free payment of super benefits to an individual who was in a marriage like relationship with a deceased member but which did not satisfy the traditional definition of marriage. However […]
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