SMH
·general
·3 hours ago
Will my kids have to pay a ‘death tax’ on my super?
Beneficiaries of superannuation may face a death benefits tax of 15 percent plus Medicare, but this can potentially be avoided by withdrawing funds before death. A financial planner suggests that using inherited funds for property purchases could enhance investment strategy, as inheritances are tax-free in Australia. Individuals should consult their accountants for personalized advice.
Summary by Glance · SMH
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