Recontribution strategy case study: How superannuation tax components impact estate planning
By withdrawing and recontributing some of your super, you may be able to reduce the amount of tax paid by your beneficiaries. Here’s how it works.
Home / Archives for Aakash Mehta
Aakash Mehta is a financial adviser and has been working in the financial planning profession for more than 7 years. He has an undergraduate degree in commerce, a post-graduate degree in international finance and a diploma in financial planning. His day-to-day work exposes him to real life financial planning issues around superannuation, retirement, insurance and estate planning, and he contributes to SuperGuide by writing case studies and articles on various financial planning strategies.
By withdrawing and recontributing some of your super, you may be able to reduce the amount of tax paid by your beneficiaries. Here’s how it works.
If you are faced with a terminal illness and still have a substantial super balance, there are ways to minimise the tax your non-dependent beneficiaries end up paying.
From 1 July, the annual amount you can contribute to super will rise. If you are planning to make a large non-concessional contribution, it pays to think about timing.
If you are under age 65 and want to access your super but not sure whether you are eligible, these answers to frequently asked questions may help.
If you suffer a total and permanent disability, making the most of any TPD insurance you have in super is crucial.
There’s more than one way to reduce the tax your non-dependents pay on your super death benefits, but a dual pension strategy often offers the best outcome.
If you are thinking about retiring but not sure whether you have enough super, it’s time to do some preliminary calculations.
An increased Transfer Balance Cap creates opportunities to transfer more into the tax-free retirement phase and contribute more to super but beware the fine print!
New rules from 1 July will potentially allow older Australians to bring forward the sale of their home and get two bites of the super contributions cherry.
If you have significant savings in and out of super, it can be difficult to weigh up which you should draw on first for retirement income. We explore the pros and cons of each.
Retirement income planning for wealthier individuals: Which should I do first, start a super pension or live on income from my non-super investments?
Many retirees want to help their family financially, but it’s important to understand how gifting money or assets can impact your Age Pension entitlements.
Since new rules came into force last July, people aged 67 to 75 have more opportunities to boost their super even if they are no longer working.
From 1 July 2022, changes to the super rules create new opportunities for older Australians to top up their retirement savings.
Lee and Mandy are retired and want to see whether downsizing could increase their retirement income.
To ensure your super ends up in the right hands when you die, these examples highlight how even the best laid plans can sometimes have unintended consequences.
When an older person inherits their spouse’s super, decisions need to be made about the best way to hold the funds. New super rules offer increased choices.
It’s not widely known, but it’s possible to put money from a personal injury compensation payment into super without many of the usual caps and limits.
Aakash Mehta answers readers questions about account-based super pensions and when it’s appropriate to start one.
SuperGuide is Australia’s leading superannuation and retirement planning website.
Superguide Pty Ltd ATF Superguide Unit Trust as a Corporate Authorised Representative (CAR) is a Corporate Authorised Representative of Independent Financial Advisers Australia, AFSL 464629.