Understanding superannuation death taxes

by

Ed.

From www.thesenior.com.au: Superannuation death benefits can face taxation when passed to non-dependent beneficiaries, potentially reducing the total amount by up to 17%.

Dependent beneficiaries, like spouses or children under 18, receive these benefits tax-free.

To minimise tax implications, individuals can utilise strategies like the ‘re-contribution’ method, converting taxable components of their super into tax-free amounts.

Filed under: Superannuation, Tax - Individuals

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