Estate planning: Dear Dad, Tax for everything
If you plan to leave your super to your adult children when you die, your death benefit may be hit with tax, even though you would have received that benefit tax-free (if aged 60 or over) while you were alive.
Estate planning: Beware the dastardly death tax
Although superannuation death benefits are tax-free when paid to dependants, a “death tax” continues to apply when super monies are paid to non-dependants.
What is super contribution splitting?
Super splitting is when your super contributions (which can include salary sacrifice contributions) be split between you and your spouse. You can therefore effectively pay up to 85% of your employer contributions into a separate account for your partner. The [...]
