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Noel Whittaker: Devastating story a lesson in taxes after death

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Noel Whittaker: Devastating story a lesson in taxes after ******

We’ve previously discussed the ****** tax on superannuation. To put it simply, when someone passes away, the taxable component of their superannuation faces a 15 per cent tax, plus the 2 per cent Medicare levy, if it is left to a non-dependent for superannuation purposes, such as an ****** child.

That means there is $85,000 tax payable on a $500,000 balance if the entire balance is taxable, which is probable.

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#Noel #Whittaker #Devastating #story #lesson #taxes #******

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