We have to talk about the inheritance tax on super (with Noel Whittaker)
Update: 2024-10-10
Description
Australia has no inheritance tax, or so they say: In reality, many people will have most of their life savings in super - and much of that money may be taxed when inherited by the next generation.
It's one of the important points made by our special guest today, who's just written a book on the entire subject of wills, death and taxes.
Author Noel Whittaker joins wealth editor James Kirby in this episode.
In today's show, we cover:
* Why you need a will and you need to review it every four years
* The hidden death tax in your super savings
* Understanding the enduring power of attorney system
* Asked to be the executor of a will? What should you do
.
See omnystudio.com/listener for privacy information.
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