The Australian Financial Review --- Page: 40 : 17 March 2007 Original article by John Wasiliev
ABIX Summary
Superannuation benefits allocated to non-dependent heirs attract a death benefits tax of 16.5 per cent. Many experts think the Australian Government's decision to retain the charge will foster strategies intended to minimise potential tax repercussions. One such strategy aims to minimise death benefits taxes by establishing two super funds, one of which is tax-exempt from 1 July 2007 and the other of which is taxable. Under another strategy, withdrawals are made from super and paid back in as after-tax contributions.
