RETIREES LOSING $9,000 IN TAXES DUE TO OVERLOOKED SUPERANNUATION MOVE
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According to research by the Super Members Council, approximately 700,000 Australians are unnecessarily paying an additional $650 in taxes annually.
Australian retirees may be paying more tax than necessary due to a missed superannuation adjustment.
retirement age, individuals can shift their superannuation from the ‘accumulation phase’ to the ‘retirement phase.
In contrast, the retirement or pension phase allows retirees to receive income from their super fund or withdraw it as a lump sum.
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