A superannuation account generally consists of taxable components that can trigger a tax liability if they are passed on to a non-dependent adult child.
If you are or have a parent who will be leaving an inheritance in the future, did you know, under certain circumstances, your adult children could inherit superannuation completely tax-free?
This episode is about the world of superannuation and inheritances.
What you’ll learn:
- (0:41) Meet Chris Becks: Financial Guru and Host
- (1:28) Important Disclaimer: Understand the Financial Product Disclosure
- (1:49) Tax-Free Superannuation Inheritance for Adult Children: Fact or Fiction?
- (2:30) Understanding Interdependency Relationships: Key Criteria
- (3:18) Financial and Domestic Support: Proving Your Interdependency Relationship
- (3:49) The Importance of Documentation in Proving Interdependency
- (4:04) Decision Makers: Superfund Trustees and the Tax Commissioner
- (4:40) Strategies for Proving Interdependency: Private Binding Rulings and Objections
- Loads More…
Links and Resources:
#FinancialPlanning #Superannuation #TaxFreeInheritance #Interdependency #FinancialAdvice