The 17% tax on the taxable component of superannuation paid to non-dependants upon death acts like a death duty, and it’s worthwhile finding out how to avoid it using legal means.
Tag Archives | dependants
Superannuation death benefits paid to adult children can incur a heavy tax impost, but there are strategies available to avoid paying more tax than necessary. It’s not always possible to know when you’ll die.
How would you like the tax paid by your SMSF to be returned to your dependants upon your death? In some cases, an anti-detriment payment can make it possible.