There is no official death tax in Australia, but super can still be taxed when it goes to the wrong

Описание: There is no official death tax in Australia, but super can still be taxed when it goes to the wrong beneficiary.

If your super goes to someone who is not considered a dependent, like an adult child, they could pay tax on part of that inheritance. On a large balance, that can mean thousands lost unnecessarily.

One strategy that can help is a recontribution strategy, where taxable super is withdrawn and recontributed as tax free money. But this needs proper advice because caps, age rules and timing all matter.

P.S. If you want to make sure your super is structured properly for your family, send me a DM and let’s chat.

Disclaimer: This video is not for financial or tax advice and for educational purposes only. Liability limited by a scheme approved under Professional Standards Legislation.

#fyp #taxagent #tax #taxadvice #australia