The Universal Super Scheme - MLC

• Adverse implications if we do not have your Tax
File Number (TFN): During May, we mailed to many
members asking them to provide their TFN. If we
do not yet have your TFN, you should provide it to
us. Although you are not legally required to provide
your TFN, the consequences of us not having it can
be significant.
For example, we cannot accept certain contributions
made by you or on your behalf unless we have
your TFN. The only exception to this rule relates to
employer contributions which would be subject to an
additional tax if we don’t have your TFN.
To provide your TFN, please contact MLC on 132 652.
• Changes that will impact how death benefits may
be paid to certain beneficiaries: Your beneficiaries
may be able to commence or continue a pension at
the time of your death. However, if the beneficiary is
your child, they must be:
– under age 18
– between the age of 18 and 25 and either
financially dependent upon you, or in an
interdependency relationship with you, or
– disabled
at the time of your death. If a child does not meet
the conditions above, death benefits can only be paid
as a lump sum.
In addition, any death benefit pension which
commences to be paid to a child after 30 June 2007
must cease when the child reaches age 25, unless the
child is disabled.
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