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Jill who is 42 years of age, and her husband Jack who is 45 years of age, have been members of a superannuation fund for many years. They have two children under 18 years of age. The superannuation fund provides insurance on the permanent disablement of a member and a lump sum equal to the proceeds of an insurance policy held on the members life. Tragically Jack is killed in a road accident. The superannuation fund permits death benefits to be paid wholly as a lump sum, a pension or a combination of each.
Provide your advice to Jill about the advantages and the disadvantages of her taking a lump sum and/or a pension and the tax consequences of what you recommend to her.
Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..
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