✓ The Sydney Morning HeraldMoney & Work
The retirement account move that saves tax on every dollar
When you retire, you can move super into a special account where investment earnings become completely tax-free.
When you retire, you can move up to $2.1 million from super into a retirement account. In this account, all investment earnings are completely tax-free.
You pay no income tax and no capital gains tax. Your money can grow much faster than in regular super.
You must withdraw at least 4 per cent each year if you are under 65.
Why it mattersThis tax break can add hundreds of thousands to your retirement income over many years.
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