Who would you prefer your leftover super to go to?
If you were to die before you’ve had a chance to spend all your super, who would you prefer to receive what’s left over? Your loved-ones or the ATO?
Many super accounts include a taxable component. So, before it’s transferred to your beneficiaries, it may be taxed. Unless you can take advantage of the re-contribution strategy, which involves withdrawing the taxable component from your super and then re-contributing it as non-taxable contributions. This strategy has saved some clients tens of thousands of dollars. But it’s not a no-brainer. Whether and when you’re eligible, the amount you can re-contribute and the way you do it, all require a great deal of technical expertise. That’s where we come in.
For financial advice you can count on please speak to the AMA Financial Services team on 1800 262 346 or email advice@amafp.com.au.
A.M.A. Services (WA) Pty Ltd trading as AMA Financial Services 47 008 671 458 is a Corporate Authorised Representative of Consultum Financial Advisers Pty Ltd. ABN 65 006 373 995 l AFSL 230323.
This is general advice only and does not take into account your financial circumstances, needs and objectives. Before making any decision based on this document, you should assess your own circumstances or seek advice from a financial adviser and seek tax advice from a registered tax agent. Information is current at the date of issue and may change. You should obtain a copy of the Product Disclosure Statement available from the product provider or your financial adviser and consider this before you acquire a financial product. This information and certain references, where indicated, are taken from sources believed to be accurate and correct. To the extent permitted by the Law, Consultum, its representatives, officers and employees accept no liability for any person that relies upon the information contained herein. From time to time, we may send you informative updates and details of the range of services we can provide. If you no longer want to receive this information, please contact our office to opt out.</small >