Case Study: Reducing Death Benefits Tax with a Superannuation Recontribution Strategy

Rob Goudie and Ash Rowan discuss a crucial strategy for retirees looking to minimize potential death benefit taxes on their superannuation. Ash shares a real-life case study of a retired couple with a $1.3 million superannuation balance that is fully taxable. They explore the complexities of taxable vs. tax-free components within superannuation and how changes to CGT and negative gearing can impact estate planning.

The discussion delves into a "recontribution strategy," a method of withdrawing funds from superannuation and recontributing them as non-concessional contributions. This process aims to increase the tax-free component of the superannuation balance, thereby reducing the tax liability for beneficiaries.

Key topics covered:

- Understanding taxable and tax-free components of superannuation.
- The impact of recent budget changes on superannuation.
- A detailed explanation of the recontribution strategy and its benefits.
- How to leverage contribution caps and the "bring forward" rule across financial years.
- Practical considerations, including managing multiple account-based pensions and prioritizing withdrawals.
- The role of recontribution strategies in aged care planning.

Don't miss this valuable discussion on proactive superannuation and estate planning to protect your assets for the future.

#Superannuation #EstatePlanning #TaxStrategy #FinancialAdvice #InvestorMotivation #RetirementPlanning #DeathBenefitTax #CGT #NegativeGearing

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Advice Disclaimer || Any advice given by the presenter/s has been prepared without considering your individual objectives, financial situation or needs. So, before you act on the advice you should think about whether the advice suits your objectives, financial situation or needs. If the advice relates to acquiring a financial product you should obtain a copy of the Product Disclosure Statement for that product and consider it before making a decision. This presentation has been prepared by Consortium Private Wealth Pty Ltd (ABN 74 616 250 965) (AFSL 495401). If you require advice which takes into account your objectives, financial situation and needs you should speak to a financial adviser.

Robert Goudie (ASIC Reg 235974), Ashley Rowan (ASIC Reg 433899), Olivia Glare (ASIC Reg 1262290), Rachael Todman (ASIC Reg 1270413) & Amy Lehmann (ASIC Reg 1292710) are Authorised Representatives of Consortium Private Wealth Pty Ltd ABN 74 616 250 965 AFS Licence 495401.