Charitable Superannuation Bequests

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In this report commissioned by Philanthropy Australia, Impact Economics and Policy looked into a simple idea to make it easier for people to leave bequests directly from their superannuation.

The proposed reforms that would remove the 17 per cent tax on superannuation bequests to charities and make it possible to donate directly from superannuation to charities.

Impact Economics and Policy modelling finds that over the period to 2060, the reforms will generate between $64.6 and $260.3 billion in income for charities from superannuation bequests. Under conservative assumptions this is expected to be a cost to government revenue of between $6.4 and $20.7 million over the forward estimates.

The Australian Financial Review covered the report here.