Interdependency relationships

Under superannuation and tax law, the definition of a dependant includes someone who had an “interdependency relationship” with the super fund member. Such a relation exists under these laws includes having a close personal relationship, living together, providing financial support from one person to the other, and providing one or the other with domestic support and personal care. The existence of an independency relationship can be a crucial consideration in estate planning. (See Binding death benefit nominations) and Non-binding death benefit nominations)
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