Case Study: The Faraz and Aisha Gita.
Question 1
Faraz discusses his friend's experience with their superannuation death benefit and the various options they were offered. Faraz asks,
‘Why do some people receive more money than they seem to have in the superannuation fund when a family member dies?'
Question 2
Aisha comments that they see their children Vihaan, Prisha and Kyra as equals to each other and asks,
‘Why is it that Vihaan and Prisha would have less options and treated differently to Kyra if they receive a death benefit from our superannuation funds?'
Question 3
Aisha asks,
‘What are the tax implications if our children receive a death benefit as an income stream?'
Question 4
Faraz asks,
‘If there is a difference in the way a death benefit is paid and taxed for our children why can't we wait until Kyra turns 18 and is independent before a death benefit is paid to all the children?'
Attachment:- The Faraz and Aisha Gita case study.docx