The hidden tax inside your super balance

Comment “Amy” and I’ll send you an info pack to learn more about the re-contribution strategy and how it may help reduce the taxable component of your superannuation. A re-contribution strategy can be a useful approach for those looking to minimise the taxable component of their superannuation balance. This strategy involves withdrawing money from superannuation and contributing it back as a non-concessional contribution, which can help change the tax structure of your super balance. For adult beneficiaries, the taxable component of superannuation may be subject to tax when inherited, which can significantly reduce the amount passed on. The taxable component is generally built up through concessional contributions made during your working life, including employer contributions, salary sacrifice contributions, and personal tax-deductible contributions. Understanding how your superannuation is structured and how it may be passed on can help you make informed decisions when planning for the future. Comment “Amy” and I’ll send you more information about this strategy. General advice only. Amy Lehmann is an Authorised Representative (No. 1292710) of Consortium Private Wealth Pty Ltd (AFS Licence 495401).

Disclaimer || The information provided in this post is general in nature only and does not constitute personal financial advice. Amy Lehmann is an Authorised Representative(No. 1292710) of AFSL 495401.