Podcasting
Vocal Characteristics
Language
EnglishVoice Age
Young Adult (18-35)Accents
AustralianTranscript
Note: Transcripts are generated using speech recognition software and may contain errors.
you are listening to in business with video rules are really designed to make sure that you're not using super as an estate planning vehicle. Does that mean you're not using super to avoid paying tax? Yes, okay. But back to Jon and Karen. Okay, So immediately after John's passing, the money remained in the self managed Super Fund, or SMS F. That's right. The money stayed in the super fund, which was probably with things that no one did anything illegal in our case Study, as Paul already mentioned, the family was forced to act when the Australian Taxation Office came knocking on. The tax consequences of superannuation are a whole other bag. Just when you thought I'm getting a handle on this in walks, the 80 0 ondas Paul has already covered. There's nothing more certainly easier than death and taxes. Unless they ask the right questions of their lawyer, it could get overlooked. It could really save a lot of pain and headache for your family later on. If you get an expert in super involved while you're still alive, it's much easier to sort these things out. That's before you die. Well, most people just assume that things will fall out and it might not always work the way you intend. Thank you to our expert guests, Paul Rafting and Shirley Schaefer you're listening to in business with BDO. Remember to subscribe and rate this show in your favorite podcaster.