Top Smart Moves to Manage Wealth: Don’t Let The Taxman Raid Your Legacy!

“You can’t control what happens, but you can control how you react.” When Epictetus dropped this wisdom bomb centuries ago, he couldn’t have imagined Victoria’s brutal 650% probate fee hike. But his point hits harder than ever: while we can’t stop the government’s cash grab, we can outsmart it.

The Harsh Reality Check

Let’s cut to the chase: if you’re leaving your super to adult kids, the taxman is waiting to take his cut. And it’s not small change we’re talking about. While dependent beneficiaries (spouses and young children) get off scot-free, adult children? They’re staring down the barrel of a massive tax bill.

Fight Back with a Re-Contribution Strategy

Here’s where smart money moves come into play. If you’re over 65 (or hit preservation age and retired), you’ve got a powerful weapon in your arsenal: the re-contribution strategy. It’s your chance to flip the script on the taxman.

Show Me The Money: A $2M Case Study

Picture this: You’ve built up a solid $2M super balance. Without smart planning, here’s what happens:

The Do-Nothing Approach

• Your kids inherit $2M
• The taxman swoops in with rates up to 30%
• Your family walks away with just $1.4M
• The government pockets $600K of your hard-earned wealth

The Strategic Play

Deploy a re-contribution strategy:

• Pull out $1M
• Put it back in as after-tax money
• Cut your tax exposure in half
• Result: Your family keeps $1.7M instead of $1.4M

That’s $300,000 staying in your family’s pockets, not the government’s coffers.

Time to Take Action

This isn’t just financial planning – it’s wealth defence. Every day you wait is another day your legacy remains exposed. The strategy is straightforward, but the impact is massive. Ready to protect your wealth from unnecessary taxation? Let’s talk about building an ironclad estate plan that keeps more money where it belongs: with your family.

Don’t let tax laws determine your legacy. Take control now.