Who gets your super when you no longer need it?

Most people do not own their super benefits. The benefits are owned by the trustee/s of the fund. You can organize things to make sure that these trustees do what you want with your super when you die. You can also organize things so that the people who end up with your benefits pay as little tax as possible. Read on to find out how.

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Borrowing to pay super contributions

Super contributions are a legitimate expense of a business. As long as the business uses a company structure, it can even borrow to make contributions on behalf of all of the staff – including the company directors. This can create a nice little tax saving that might not otherwise be possible.

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Flip-flopping on super

They changed the rules on non-concessional contributions. Then they changed them back. Sort of. But they did make them better. Than the new rules. Not the old ones.

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