Superannuation and bankruptcy - Nicholls Co

Vbet Cassino On-line

O cassino online Vbet é o local perfeito para uma noite de entretenimento e oferece uma experiência de jogo emocionante e fácil de usar. A Vbet oferece mais de 1500 jogos em todos os gêneros - de caça-níqueis a jogos de mesa e até jogos de loteria. Com o Vbet, você pode optar por jogar instantaneamente sem download ou ingressar na comunidade Vbet e começar a jogar com amigos. O site da Vbet também fornece recursos úteis, como orientações sobre regras, tutoriais sobre como jogar, dicas sobre jogo responsável e muito mais - permitindo que os jogadores se sintam completamente confiantes quando decidirem começar a jogar. A Vbet garante os melhores padrões de segurança com protocolos de segurança rígidos, como detecção de fraudes e processos robustos de verificação de clientes, protegendo o dinheiro, os dados e a identidade dos clientes o tempo todo. Então, por que esperar? Inscreva-se agora no Vbet e veja por si mesmo porque o Vbet é uma das melhores opções para jogos de cassino online! https://distritocriativodevitoria.com/

Superannuation and bankruptcy

Superannuation and bankruptcy

Bankruptcy will not impact your legitimate superannuation retirement savings provided that:

  • The funds are held in a Regulated Superannuation fund
  • The funds held by your superannuation fund have been saved over time and your superannuation fund has not been used to hide money from your creditors

It is important to note that prior to bankruptcy, and during bankruptcy, your superannuation monies are protected whilst they remain in an approved superannuation fund.

If you are intending to file for bankruptcy, monies should not be withdrawn from your superannuation fund, either due to hardship claim or as a lump sum for retirement. If funds are withdrawn from your superannuation fund prior to bankruptcy, they will form part of your bankrupt estate.

Prior to bankruptcy, monies that you receive from your superannuation fund as a pension payment and are saved in your bank account will be caught by your bankruptcy to the extent that your savings exceed $2,000 at the time that you gain a bankruptcy number.

Once you have the protection of bankruptcy you can save from your pension payments and those savings are not available to your bankrupt estate. RE Gilles: Ex parte Official Trustee in Bankruptcy (1993) 42 FCR 571:115 ALR 631.

During bankruptcy, if you receive a pension from your superannuation fund and your income exceeds the income threshold you will be required to pay income contributions. If this is relevant to you, please refer to our Bankruptcy News item ‘Bankruptcy and Income Contributions’ for details of the after-tax income thresholds that must be exceeded, depending on your number of dependants, before income contributions would be required to be paid. It also demonstrates how income contributions are calculated.

Once you have the protection of bankruptcy, monies you receive from your superannuation fund, either by hardship or retirement, are protected and not available to your bankrupt estate.

Assets purchased with such monies would also be considered to be protected.

For more information call on 1300 060 122 or email helpdesk@nichollsco.com.au

Leave a Comment

Your email address will not be published. Required fields are marked *