Structured settlement contributions

Structured settlement contributions

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Structured settlement contributions are payments an individual has received and contributed into their super fund. Structured settlement payment is a payment arising from a personal injury claim where two legally qualified medical practitioners have certified that it is unlikely the individual can ever be gainfully employed in a capacity for which they are reasonably qualified or trained.

Structured settlement contributions can be contributed to a super fund as non-concessional contributions (NCC). The NCC caps and $1.6 million superannuation balance restriction does not apply. Tax savings apply by having the structured settlement payment in the no (or low tax) super environment. 

  1. Establish SMSF.
  2. Contribute the structured settlement contributions to the fund.

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