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Low rate cap and normal tax offset for non-residents

Do you know you can still enjoy the low-rate cap and normal tax offset in respect of the lump sum benefits paid out of your superannuation  fund, even if you are a non-resident?

Tax may be required for the taxable component of a lump sum benefit paid to a member who is under 60 years of age. However, various concessions including the low rate cap and normal tax offset are available to reduce the tax burden, regardless of your tax residency status.

For more information, contact Matt Zhou on 02 9957 4033.

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