Modified Lump Sum Disablement Tax Calculator

If a member receives a superannuation lump sum payment due to disability they may be eligible for a reduction in any lump sum tax that would otherwise be payable under Section 307-145 of the ITAA.

The modification will only be applied if two legally qualified medical practitioners have certified that, because of ill-health, it is unlikely that the person can ever be gainfully employed in a capacity for which he or she is reasonably qualified because of education, experience or training.

For more information click here.