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Peter Townsend

Last-minute super strategies to leave your heirs more

Setting up a cashing-out request can mean a tax-free inheritance, but the timing is crucial.

At the beginning of what has been described as the greatest film ever made, Citizen Kane, the dying Charles Foster Kane (played by Orson Welles) utters his last word: “Rosebud”. A young reporter is then tasked with discovering the meaning of “Rosebud”.

What would have happened if with his dying breath Kane had said, “Quick, withdraw all my super”?

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Peter Townsend is principal of Townsend Business & Corporate Lawyers.

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    Original URL: https://www.afr.com/wealth/personal-finance/last-minute-super-strategies-to-leave-your-heirs-more-20221208-p5c4wv