Millions of retirees are paying super tax they could avoid
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Millions of retirees may be paying unnecessary taxes on their superannuation. This issue specifically affects people over the age of 65. Those with funds in ordinary superannuation accounts are encouraged to review their status. Checking these accounts could help them avoid avoidable tax payments.
If you’re over 65 and have your money sitting in an ordinary superannuation account, there’s something you should check this weekend.