One of the most effective ways to avoid death tax on superannuation is to nominate a tax-free beneficiary
Consider a Superannuation Recontribution Strategy
No - 2
If you have non-tax-free beneficiaries, such as adult children or other dependents, you can consider a superannuation recontribution strategy.
Utilize Tax-Free Components Superannuation balances typically consist of two components
No - 3
A tax-free component and a taxable component. By maximizing the tax-free component of your super balance, you can reduce the overall tax liability for your beneficiaries.
Review Your Estate Plan Regular review and update.
No - 4
Estate plan is crucial to ensure that your superannuation and other assets are distributed according to your wishes and in a tax-efficient manner.
Consider Superannuation Income Streams
No - 5
Another strategy to consider is to convert your superannuation balance into an income stream, such as a pension or annuity, before your passing.