Enjoy the best of both tax-free worlds
Jul 31, 2019
4 minutes
Vita Palestrant
People approaching retirement are urged to pack as much money into super as they possibly can. Once retired, the argument goes, you will have missed the boat and no longer be eligible to take advantage of super’s generous tax benefits. But the reality is you can have a significant amount of money outside super and still enjoy tax-free earnings.
Thanks to the tax-free threshold and the seniors and pensioners tax offset (SAPTO), singles can earn up to $32,279 a year tax free while a couple can earn up to $28,974 each, or $57,948pa combined.
“You could have a million bucks outside
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