(NB for super lump sums refer to PAYG.htm)

MEMBERS TURNING 60 - WHAT DOES IT MEAN FOR SUPERANNUATION PROVIDERS?
The ATO has published a factsheet entitled "Members turning 60 - what does it mean for superannuation providers?" It provides information for superannuation providers to clarify what happens when a member turns 60 on or after 1 July 2007.

For a copy of the factsheet, go here

Directed Termination Payment Statement - This form helps employers to meet the minimum information requirements when an employee asks to direct part or all of a transitional termination payment to a complying superannuation fund or to purchase a superannuation annuity. This form can only be used for directed termination payments made before 1 July 2012.

Transitional Termination Payment Pre-Payment Statement - This form is to be used by employers to meet the legal requirements to give information to an employee before paying a transitional termination payment. It is also used by an employee to give payment instructions to an employer.

Understanding death benefits - Information about death benefits you receive from an employer.

Individual's application for direct payment from consolidated revenue - Superannuation Holding Accounts (SHA) balances are transferred to consolidated revenue if the account has been inactive for 10 consecutive financial years. Use this form to request withdrawal of your SHA special account balance. (NAT 16338)

Understanding superannuation interests in a SMSF - Provides information about what is a superannuation interest in a self managed super fund and who the value of the interest is determined.

Lump sum benefits from a taxed super fund - Information for taxed super funds which provide a lump sum benefit after 1 July 2007 and the benefit is not a death or disability benefit.

How your super payout is taxed - The changes to super mean that your super payout will be taxed differently, and in some cases not taxed at all. This information explains the tax you will have to pay if your super payout comes from a taxed source.

Trustee declaration (NAT 71089) - You must complete this declaration if you became, on or after 1 July 2007, a new trustee (or director of a corporate trustee) of a new self managed super fund (SMSF) or an existing SMSF. To be read in conjunction with Self managed super funds - key messages for trustees (NAT 71128)

Tax-free component on the roll-over of superannuation interests - Information on the tax-free component when super benefits are rolled over.

Unpaid super - Information for individuals who think their employer is not paying their superannuation.

Superannuation funds, retirement savings accounts and tax file numbers - This fact sheets explains what happens after 1 July 2007 if a super fund or retirement savings account does not have a member's tax file number.

Self managed super funds - trustee declaration - All new trustees (and directors of corporate trustees) of self managed superannuation funds need to sign a declaration which aims to ensure that new trustees (or directors of corporate trustees) are aware of their duties and responsibilities under the super laws.

Setting up a self managed superannuation fund - There are a number of trust laws and legislative requirements relating to setting up a self managed superannuation fund. If you wish to set up your own fund it may be useful to consult with a professional adviser before committing to this option.

Super is changing - Explains how changes to super law will impact on you as an employer.

Superannuation lump sum pre-payment statement - This form and instructions help superannuation funds meet their legal requirements to give information to an individual before payment of a superannuation lump sum. This form and instructions are also for any individual to give payment instructions to a specified fund.

Simpler super - Industry Stakeholder Q and A - This list contains answers to questions raised by the current Simple Super Stakeholder Working Groups. It will be updated weekly with answers to questions we have already received and future queries. Where an answer is pending we will provide an estimated response time, which will be reviewed on a weekly basis.

Registration page for superannuation seminars - Provides details of the super seminars for self managed super funds, financial planners and tax professional. It also includes details on how to register.

Amendments to Superannuation laws introduced 21 June 2007 - A summary of the amendments proposed to legitimise investment by super funds in instalment warrants.

Tax-free component of existing income streams
- Tax-free component of income streams after a trigger event
- Changes to departing Australia super payments
- Super lump sums from a foreign super fund
- Changes to departing Australia super payments - information for super funds
- Income streams from an untaxed super fund
- Super changes at a glance for employers
- Understanding superannuation interests in a SMSF
- Superannuation beneficiaries turning 60
- Understanding death benefits