Superannuation Oversight Costs Aussie Retirees $9,000 in Unnecessary Taxes, Report Finds
A new study has revealed that 700,000 Australian retirees are paying more tax on their superannuation than necessary, potentially losing up to $9,000 over their retirement. The costly mistake? Failing to move their superannuation funds from the accumulation phase to the retirement (pension) phase once they reach eligibility. According to the Super Members Council (SMC), … Read more