Episode Details

In this Australian Retirement Podcast episode, your hosts Drew Meredith, from Wattle Partners, and James O'Reilly, from Northeast Wealth speak about the ever-topical Div 296 tax proposal and what it will mean for Australians.

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Topics covered today:

1. A brief history of tax in the superannuation system
2. How does the proposed Div 296 tax work?
3. The massive financial impact of using non-indexed caps
4. Complexity around taxing unrealised gains
5. Is it still worth investing in superannuation?
6. What you should be doing right now

Resources for this episode:

• Drew on LinkedIn: https://www.linkedin.com/in/drew-meredith-88aba620/ 
• James on LinkedIn: https://www.linkedin.com/in/jporeilly?originalSubdomain=au

Transfer balance caps explained

Div296 explained

James’ post on the cost of non-indexation

Investing in super vs other entities

~~ Resources for the show ~~

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DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser.

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