Monthly Musings

Your Entrust Wealth Management “Monthly Musings” for the month of September has arrived. In this edition we will:

• observe the market movements for the month,
• showcase a brand new an episode of our short video series “3 Minute Tech” titled “Capital Gains Tax”,
• provide a paper in Focal Point that looks at Superannuation Contribution Splitting,
• provide a great insight into our Private Wealth Adviser, Andrew Fry, and
• suggest another book that might be worth a read.

Reducing Death Benefits Tax in Superannuation

Superannuation law sets out who a death benefit is payable to, whilst taxation law sets out how a death benefit is taxed. Death benefit tax can apply if superannuation is paid to a non-tax dependant. This means that when adult children inherit your superannuation, they will likely have tax to pay. To reduce this potential liability, many consider the use of a re-contribution strategy.