"don't know how many folks are aware but Super and Super Pensions are liable for Death Duty (15% + 1.5% Medicare Levy)."
thanx rembrandt
I didn't know that.
So if over 60 you won't have to pay any tax on a pension
But if you do die, then whoever inherits the fund will be taxed at 15%
I also notice that if you pass on the fund to someone who is not a financial dependent the fund is taxed at 33% (but not sure on that)
so yea, your 100% right we already have a death tax
wonder if you can avoid the tax by giving the money in the super fund to your relative or the beneficiary before you die?
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