Who would you want your leftover super to go to?

Superannuation Insight:

Don’t bequeath your super to the ATO

Who would you prefer your leftover super to go to?

For my beloved children

If you were to die before you’ve had a chance to spend all your super, who would you prefer to receive what’s left over? Your loved ones or the ATO?

Many super accounts include a taxable component. So before it’s transferred to your beneficiaries, it may be taxed. Unless, that is, you can take advantage of the re-contribution strategy. This involves withdrawing the taxable component from your super and then re-contributing it as non-taxable contributions. This strategy has saved some

clients tens of thousands of dollars. But it’s not a no-brainer. Whether and when you’re eligible, the amount you can re-contribute and the way you do it, all require a great deal of technical expertise. That’s where we come in.

Professional advice. Quite possibly the most valuable investment you‘ll ever make.

Financial Services Partners Pty Ltd ABN 15 089 512 587 AFSL 237590. The information (including taxation) provided in this document is general information only and does not constitute personal advice. It has been prepared without taking into account any of your individual objectives, financial solutions or needs. Before acting on this information you should consider its appropriateness, having regard to your own objectives, financial situation and needs. You should read the relevant Product Disclosure Statements and seek personal advice from a qualified financial adviser.

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