Before you do anything, work the numbers. Your Super will...

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    Before you do anything, work the numbers.

    Your Super will consist of a Taxable element and a non-taxable element.

    Upon death, only the Taxable element is subject to tax. So if your Taxable element is , say 50%, then only 50% will be subject to tax. In effect 100% but taxed at half the 17% = 8.5%.

    If your taxable element is below 25%, then your effective tax rate will be below 4.25%.

    Unless your tax liability upon death is less than a few thousand , then it may pay to seek professional advice. If you act in haste you may life to a ripe old age and regret not spending a few hundred $ for advice.

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