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What is an Anti-detriment Payment?

An Anti-detriment Payment is a lump sum payment which can be made on the death of a member to a dependent.

The payment increases the deceased member's lump sum benefit to compensate for tax paid on contributions prior to death.  Refer 295 - 485 Income Tax Assessment Act 1997 (ITAA 1997).  Anti-detriment Payments are also referred to as 'Tax Saving Amounts'.