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Michael Hutton

This is how your heirs will pay less tax when they inherit your super

Just because there is no inheritance tax doesn’t mean you don’t have to protect your beneficiaries.

While Australia doesn’t have an inheritance tax, there are still a number of taxes that are triggered by a person’s death.

One that many people seem unaware of is the superannuation death benefits tax. It’s becoming more of an issue as people live longer and have more wealth.

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Michael Hutton is wealth management partner at HLB Mann Judd Sydney.

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    Original URL: https://www.afr.com/wealth/personal-finance/this-is-how-your-heirs-will-pay-less-tax-when-they-inherit-your-super-20240128-p5f0lg