We have to talk about the inheritance tax on super (with Noel Whittaker)
Australia has no inheritance tax, or so they say: In reality, many people will have most of their life savings in super – and much of that money may be taxed when inherited by the next generation.
It’s one of the important points made by our special guest today, who’s just written a book on the entire subject of wills, death and taxes.
Author Noel Whittaker joins wealth editor James Kirby in this episode.
In today’s show, we cover:
* Why you need a will and you need to review it every four years
* The hidden death tax in your super savings
* Understanding the enduring power of attorney system
* Asked to be the executor of a will? What should you do
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Previous Episodes
What can a 24 year-old tell you about investing? (you will be surprised)
March of the millennials:The biggest trend in property
Things you’ve always wanted to ask a lawyer
Key indicators for long-term property success – what to focus on
Let’s face it – no one likes tax, but how do we pay less of it?
Investment Lending Hits All-Time High: What’s Driving the Surge?
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