Foreign retirement funds - not so super

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The item Foreign retirement funds - not so super represents a specific, individual, material embodiment of a distinct intellectual or artistic creation found in International Bureau of Fiscal Documentation.
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Summary: The article begins with an overview of the tax treatment of foreign superannuation lump sums, including a discussion of which payments are covered by the foreign superannuation transfer rules. A detailed discussion of the nature of a superannuation fund is provided, and then contrasted with retirement schemes that are not superannuation funds. The ATO's position, both under previous law and the "simplified superannuation" reforms introduced in 2006-2007, is then outlined. The repeal of the foreign investment fund (FIF) rules and their replacement by the forthcoming "anti-roll-up" rules, and the implications of this change, are discussed

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Summary: The article begins with an overview of the tax treatment of foreign superannuation lump sums, including a discussion of which payments are covered by the foreign superannuation transfer rules. A detailed discussion of the nature of a superannuation fund is provided, and then contrasted with retirement schemes that are not superannuation funds. The ATO's position, both under previous law and the "simplified superannuation" reforms introduced in 2006-2007, is then outlined. The repeal of the foreign investment fund (FIF) rules and their replacement by the forthcoming "anti-roll-up" rules, and the implications of this change, are discussed