Should I give my money to the kids? Where are we at with the $3M super tax?

In this Australian Retirement Podcast episode, hear Drew and James talk about when retirees are too generous with their hard-earned money, the proposed Div296 legislation, and whether tax refunds are available in industry funds.

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About this episode

In this Australian Retirement Podcast episode, your hosts Drew Meredith, from Wattle Partners, and James O’Reilly, from Northeast Wealth cover a range of topics including when to get EOFY financial advice, how to avoid gifting too much money in retirement, and whether one listener can get a tax refund from AustralianSuper.

If you like this Australian Retirement Podcast episode, you’ll love the series. Don’t forget to subscribe for weekly shows on Apple, Spotify, YouTube or wherever you get your podcasts.

Topics covered today:

  • Timeframes to get financial advice
  • ASIC review of industry funds / private markets
  • Where are we situated with Div296?
  • How retirees can avoid the trap of excessive gifting
  • AustralianSuper’s ability to obtain a tax deduction for previous years’ tax

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