Superannuation Discussion + market volatility

Respectfully disagree.

You can be a self-fundee retiree for 30+ years, enjoy the health services, security and infrastructure etc of the state for really very little tax.

The money invested in super is taxed concessionally. The growth (which is a result of your investments not toil) is taxed favourably in accumulation and not at all in pension mode

You may have paid your taxes while you were working but the deal for most self-funded retirees is very generous in Australia.
Yep!

There is this misconception that there’s some sort of “Death duties” on super but it’s just the ATO coming after those concessions that aren’t rightfully bestowed upon the living.

TBH, when I’m gone it’s not my problem but if I had for warning, I’d just take a chunk out of super tax free and that would pass through my estate tax free. Simples.
 
Yep!

There is this misconception that there’s some sort of “Death duties” on super but it’s just the ATO coming after those concessions that aren’t rightfully bestowed upon the living.

TBH, when I’m gone it’s not my problem but if I had for warning, I’d just take a chunk out of super tax free and that would pass through my estate tax free. Simples.
As it currently stand.... based on current tax law....... of course it could all be different by the time you die! The recent changes to inheritance tax in the UK are a great example of that.
 
Yep!

There is this misconception that there’s some sort of “Death duties” on super but it’s just the ATO coming after those concessions that aren’t rightfully bestowed upon the living.

TBH, when I’m gone it’s not my problem but if I had for warning, I’d just take a chunk out of super tax free and that would pass through my estate tax free. Simples.
And as that article said that's what could happen with planning but sometimes we don't get the chance to do that.
 
TBH, when I’m gone it’s not my problem but if I had for warning, I’d just take a chunk out of super tax free and that would pass through my estate tax free. Simples.
Or have an ACD with a POA.
But... what if those chest pains were just heartburn!
 
My understanding is that concessional contributions + growth is classified as non-taxable. Its only non-concessional contributions (i.e money that has already been taxed at marginal rates) that is classified as non-taxable

What am I not getting here?

recent changes to inheritance tax in the UK are a great example of that.
Jeremy is not happy
 
A trust structure neatly moves the goal posts.
The beneficiaries choose when to draw down and what tax will be paid
Quite good for families etc but not worth the effort for those without immediate family.
 

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