And then there is the MASSIVE discrimination against those who did not marry, for whatever reason, including that perhaps they could not. (lots of reasons people are unable to make the lifestyle choice called 'marriage'). When that person dies, unless they have children who are dependent, then they are whacked a 17% Death Tax on their life savings (their super). A person who was able to make the CHOICE to marry, is allowed to gift it all to an EX spouse, tax free. Read that again. They do not even have to be married anymore - to gift it tax free. And if they are still married, the spouse does NOT have to be financially dependent on them to get it all TAX FREE. But apparently discrimination is illegal in Australia !!! Even if the single person leaves ALL their super to charity, they will still be slugged 17% before it goes to that charity. If they gifted it to the charity before the person dies, they would get a tax deduction at their marginal rate !!! How INSANE is this system? Designed by white middle aged males deliberately designing it to be better to 'stay married' even if you are in a toxic or violent relationship.

Reply to article

For original story, Click Here.

Yea and what about single people earning less than 30k a year?

Reply to article

For original story, Click Here.

Helly - if you take your money out of Super before you pass then you don't have to pay the 17%. It doesn't help if you suddenly get hit by a"bus" but if you have some reasonable notice of an imminent demise you can avoid it.

Reply to article

For original story, Click Here.