Fed:Terminal ill to get unrestricted access to super: Sherry

AAP General News (Australia)
02-15-2008
Fed:Terminal ill to get unrestricted access to super: Sherry

A new government ruling will allow people suffering with terminal medical conditions
unrestricted access to their superannuation benefits.

Superannuation Minister Senator NICK SHERRY says under the previous "early release"

rules .. people in this situation who continued working faced restrictions on the amount
of benefits they could access.

Senator SHERRY says the change will work well with another new measure .. where superannuation
lump sum payments will be tax free when paid to terminally ill people.





This measure brings forward the date of effect to payments made on or after July 1
.. 2007 .. rather than September 12 .. 2007 .. that was originally announced by the former
government.

AAP RTV cb/sb/jec/af

KEYWORD: SUPER (CANBERRA)

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