Tax on TPD payout for Non Resident

Discussion in 'Superannuation, SMSF & Personal Insurance' started by Toni32, 20th Aug, 2019.

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  1. Toni32

    Toni32 New Member

    Joined:
    19th Aug, 2019
    Posts:
    2
    Location:
    New Zealand
    Hi all, my husband and I are NZ citizens and have been living in NZ for 4 years after living in WA for 15 years. He is currently on Salary Continuance Insurance from AMP Australia, through Superannuation, and has been since May 2017. He will be 58 in December. He is now not able to work so is in the middle of lodging a TPD claim. My question is what tax will he pay as a non resident, as it looks very complicated. From what I can see the tax is around 45 to 47%? Also can anyone suggest a tax consultant the can help me with setting up a strategy when needed? Thanks in advance.
     
    Toni32, 20th Aug, 2019
    #1
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