WealthPersonal FinanceSuperannuationPrint articleOpinionSuper’s new dilemma: save yourself tax or reduce it for your kidsThe question is whether to restructure in an attempt to reduce your tax bills or those of your future beneficiaries.Ben SmytheContributorMar 5, 2024 – 5.00amSaveLog in or Subscribe to save articleShareCopy linkCopiedEmailLinkedInTwitterFacebookCopy linkCopiedShare via...Gift this articleSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? LoginWhile significant structural tax reform is pushed further and further down the road, superannuation continues to be a very attractive vehicle for politicians on both sides to chip away at when it comes to increasing tax revenue.The most recent change is the Division 296 tax, which levies an additional 15 per cent tax on earnings on your total superannuation balance above $3 million.Loading...Ben Smythe is a partner and principal adviser of Minchin Moore Private Wealth.SaveLog in or Subscribe to save articleShareCopy linkCopiedEmailLinkedInTwitterFacebookCopy linkCopiedShare via...Gift this articleSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? LoginLicense articleIntroducing your NewsfeedFollow the topics, people and companies that matter to you.Find out moreRead MoreSuperannuationOpinionSmart InvestorLatest In Personal financeFetching latest articlesMost Viewed In WealthThe Australian Financial Review MagazineThe top whisky you can buy without going on a waiting listMax AllenThe luxury travel trend you probably haven’t consideredThe restaurant that’s turning back the clock (in the best way)BOSS Financial Review5 ways to stop AI from making you dumbRachael BoltonFrom stopping thieves in the GFC to running a $1b company, via The StarNew MP Mary Aldred urges business to help women into the LiberalsLife & LeisureGet ready to geek out over the ‘coolest people-mover’ on the marketTony DavisThis boxing attorney loves the rhythm of the fightLove at first bite: Meet Australia’s hospitality power couplesRich ListAnnie Cannon-Brookes steps out on her ownYolanda RedrupLuxury home sales take off as Australians get richerPharmacy chain ‘underdog’ takes the fight to Chemist Warehouse
