Loading
This thread is archived and the information may not be up-to-date. You can't reply to this thread.
_Cvickery(Newbie)Newbie
15 Sept 2021

My fiancé passed away and I am the recipient of her super and life insurance. The house mortgage is in both of our names so I assume as a de facto, I am a financial dependent as well. On this basis, does this mean I don't pay tax on any of the super and/or life insurance I receive?

763 views
2 replies
763 views
2 replies

Most helpful response

Most helpful replyATO Certified Response

AriATO(Community Support)Community Support
ATO Certified Response20 Sept 2021

Hi @Cvickery

I'm really sorry for your loss.

Under both super and tax laws you're considered a dependent of the deceased.

When a Super death benefit is paid to a dependent as a lump sum then it's tax-free.

If you receive it as an income stream then tax will apply.

All replies

Most helpful replyATO Certified Response

AriATO(Community Support)Community Support
ATO Certified Response20 Sept 2021

Hi @Cvickery

I'm really sorry for your loss.

Under both super and tax laws you're considered a dependent of the deceased.

When a Super death benefit is paid to a dependent as a lump sum then it's tax-free.

If you receive it as an income stream then tax will apply.

Loading
Tas on deceased estate -life insurance | ATO Community