Tag: estate planning tools
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Maximize Tax Benefits with Strategic Investment Bonds for Estate Planning
Investment bonds serve as a strategic tool for channeling assets to beneficiaries, albeit with a caveat: premature withdrawals can significantly erode the tax advantages they offer. Super fund members seeking to allocate assets to beneficiaries beyond the constraints of law can leverage investment bonds for this purpose. However, it is crucial to understand that early…
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Strategies to Navigate Superannuation Inheritance Tax for Beneficiaries
When it comes to superannuation inheritance, the looming specter of the “death tax” can cast a shadow on the otherwise well-intentioned scheme. With Australians amassing a staggering $4.2 trillion in super assets, the implications of passing on wealth to beneficiaries have come under scrutiny. The original purpose of super was to support retirement and reduce…