Many Australians believe there’s no inheritance tax in Australia. Technically, they’re right, death duties were abolished in 1979. But there’s a catch: taxes on superannuation death benefits and capital gains can still quietly erode what you leave behind, or what you receive from a non-financial dependent loved one.

In this episode of SugarMamma’s Fireplay, I break down:
✅ What “inheritance tax” really looks like in practice (hint: super death benefits tax of up to 17%)
✅ Why this issue is trending now and why it’s no longer just a wealthy person’s problem
✅ How intergenerational wealth transfers are exposing more Australians to surprise tax bills
✅ Four smart, legal strategies that can minimise or even avoid this hidden tax
✅ Real-life examples that show how families can lose tens of thousands of dollars if they don’t plan ahead!

Why You Need to Tune In


If you’re planning your estate, this episode will help you protect your legacy.


If you expect to inherit, you’ll learn how to prepare and avoid unwelcome tax surprises.


If you care about financial freedom, you’ll see why early, proactive planning with super and wealth transfer is essential.

Key Takeaways


Death duties may be gone, but super death benefit tax is very real.


Leaving super to non-dependents (like adult children) can trigger a hefty tax bill.


Strategic planning - such as using withdrawal and recontribution strategies, directing super to your estate, or rebalancing your will may help save families tens of thousands of dollars.


Professional advice is non-negotiable: every strategy has rules, limits, and consequences.

Inheritance tax Australia, superannuation death benefit tax, super inheritance planning, avoiding inheritance tax, estate planning Australia, super recontribution strategy, legacy planning.

💬 Let’s Keep the Conversation Going

I’d love to hear your thoughts on this episode! Reach out to me anytime on Instagram @SugarMammaTV so we can keep this important conversation alive.

📚 My Books

If you’re ready to deepen your financial knowledge, check out my books:


Best Seller:The $1000 Project


**Mindful Money](https://amzn.to/3RV0poc)


Motivated Money by Peter Thornhill (a huge inspiration for me): Read it here

(These are Amazon affiliate links to my own books.)

💡 Work With Me

Want more support on your financial journey? Here’s how we can work together:


The SugarMamma Budget & Cashflow Academy
Sick of living paycheque to paycheque or feeling overwhelmed by your money?
This course includes a one-on-one appointment with me so I can personally help you.
👉 Enrol here


Money Mindset & Manifestation Coaching
Join my program for ongoing support, clarity, and motivation. You’ll get direct access to me and a community of like-minded people ready to make powerful change.
👉 Join here

🌟 Stay Connected & Inspired


Instagram: @SugarMammaTV — money, budgeting, cashflow & motivation


Instagram: @CannaCampbellofficial — lifestyle, capsule wardrobe fashion, motherhood


TikTok: @SugarMammaTV


YouTube: SugarMammaTV — over 500 bite-sized videos with more than 12 million views!


Website: www.SugarMamma.TV


Don’t forget my other podcast: How Do They Afford That? 👉 Listen here

⚖️ General Advice Warning

While we discuss financial topics, everything shared here is general information only — never personal, product, or investment advice. Always:


Do your own research.


Weigh up the pros, cons, fees, caps, taxes, and risks.


Seek professional advice before making financial decisions.

📜 Financial Planning License Details

The information in this podcast does not take into account your personal circumstances, goals, or needs. Always read relevant Product Disclosure Statements before acquiring any financial product, and seek independent financial advice where appropriate.

Canna Campbell is an Authorised Representative and Financial Adviser of Links Licensee Services Pty Ltd (AFSL No. 700012 | ABN 97 678 975 589).

 

Many Australians believe there&rsquo;s no inheritance tax in Australia. Technically, they&rsquo;re right, death duties were abolished in 1979. But there&rsquo;s a catch: taxes on superannuation death benefits and capital gains can still quietly erode what you leave behind, or what you receive from a non-financial dependent loved one.
In this episode of SugarMamma&rsquo;s Fireplay, I break down: ✅ What &ldquo;inheritance tax&rdquo; really looks like in practice (hint: super death benefits tax of up to 17%) ✅ Why this issue is trending now and why it&rsquo;s no longer just a wealthy person&rsquo;s problem ✅ How intergenerational wealth transfers are exposing more Australians to surprise tax bills ✅ Four smart, legal strategies that can minimise or even avoid this hidden tax ✅ Real-life examples that show how families can lose tens of thousands of dollars if they don&rsquo;t plan ahead!
Why You Need to Tune In
<ul data-start="1196" data-end="1499">
<li data-start="1196" data-end="1279">
If you&rsquo;re planning your estate, this episode will help you protect your legacy.
</li>
<li data-start="1280" data-end="1372">
If you expect to inherit, you&rsquo;ll learn how to prepare and avoid unwelcome tax surprises.
</li>
<li data-start="1373" data-end="1499">
If you care about financial freedom, you&rsquo;ll see why early, proactive planning with super and wealth transfer is essential.
</li>
</ul>
Key Takeaways
<ul data-start="1521" data-end="1968">
<li data-start="1521" data-end="1596">
Death duties may be gone, but super death benefit tax is very real.
</li>
<li data-start="1597" data-end="1684">
Leaving super to non-dependents (like adult children) can trigger a hefty tax bill.
</li>
<li data-start="1685" data-end="1873">
Strategic planning - such as using withdrawal and recontribution strategies, directing super to your estate, or rebalancing your will may help save families tens of thousands of dollars.
</li>
<li data-start="1874" data-end="1968">
Professional advice is non-negotiable: every strategy has rules, limits, and consequences.
</li>
</ul>
Inheritance tax Australia, superannuation death benefit tax, super inheritance planning, avoiding inheritance tax, estate planning Australia, super recontribution strategy, legacy planning.
<hr>
💬 Let&rsquo;s Keep the Conversation Going
I&rsquo;d love to hear your thoughts on this episode! Reach out to me anytime on Instagram <a href="https://www.instagram.com/sugarmammatv">@SugarMammaTV</a> so we can keep this important conversation alive.
<hr>
📚 My Books
If you&rsquo;re ready to deepen your financial knowledge, check out my books:
<ul>
<li>
Best Seller: <a href="https://amzn.to/3RV0Bnq">The $1000 Project</a>
</li>
<li>
**Mindful Money](<a href="https://amzn.to/3RV0poc">https://amzn.to/3RV0poc</a>)
</li>
<li>
Motivated Money by Peter Thornhill (a huge inspiration for me): <a href="https://amzn.to/40rn2Vr">Read it here</a>
</li>
</ul>
(These are Amazon affiliate links to my own books.)
<hr>
💡 Work With Me
Want more support on your financial journey? Here&rsquo;s how we can work together:
<ol>
<li>
The SugarMamma Budget &amp; Cashflow Academy Sick of living paycheque to paycheque or feeling overwhelmed by your money? This course includes a one-on-one appointment with me so I can personally help you. 👉 <a href="https://courses.sugarmamma.tv/Signup">Enrol here</a>
</li>
<li>
Money Mindset &amp; Manifestation Coaching Join my program for ongoing support, clarity, and motivation. You&rsquo;ll get direct access to me and a community of like-minded people ready to make powerful change. 👉 <a href="https://courses.sugarmamma.tv/join">Join here</a>
</li>
</ol>
<hr>
🌟 Stay Connected &amp; Inspired
<ul>
<li>
Instagram: <a href="https://www.instagram.com/sugarmammatv">@SugarMammaTV</a> &mdash; money, budgeting, cashflow &amp; motivation
</li>
<li>
Instagram: <a href="https://www.instagram.com/cannacampbellofficial">@CannaCampbellofficial</a> &mdash; lifestyle, capsule wardrobe fashion, motherhood
</li>
<li>
TikTok: <a href="https://www.tiktok.com/@sugarmammatv">@SugarMammaTV</a>
</li>
<li>
YouTube: <a href="https://www.youtube.com/c/SugarMamma">SugarMammaTV</a> &mdash; over 500 bite-sized videos with more than 12 million views!
</li>
<li>
Website: <a href="https://www.sugarmamma.tv/">www.SugarMamma.TV</a>
</li>
<li>
Don&rsquo;t forget my other podcast: How Do They Afford That? 👉 <a href="https://podcasts.apple.com/au/podcast/how-do-they-afford-that/id1644255235">Listen here</a>
</li>
</ul>
⚖️ General Advice Warning
While we discuss financial topics, everything shared here is general information only &mdash; never personal, product, or investment advice. Always:
<ul>
<li>
Do your own research.
</li>
<li>
Weigh up the pros, cons, fees, caps, taxes, and risks.
</li>
<li>
Seek professional advice before making financial decisions.
</li>
</ul>
📜 Financial Planning License Details
The information in this podcast does not take into account your personal circumstances, goals, or needs. Always read relevant Product Disclosure Statements before acquiring any financial product, and seek independent financial advice where appropriate.
Canna Campbell is an Authorised Representative and Financial Adviser of Links Licensee Services Pty Ltd (AFSL No. 700012 | ABN 97 678 975 589).
&nbsp;

Having been a Financial Planner for over 15 years, I have seen first hand how money problems can breed stress. Often, people make wrong money decisions because the world of finance can be intimidating and confusing. This podcast cuts through the jargon and provides practical, accessible financial education and empowerment - so you can build sustainable wealth and help achieve financial freedom. You will also hear real-life success stories from people who have transformed their finances and be empowered by valuable advice from industry experts. So join me for the start of a bold and brilliant financial future and growing community. For immediate access to all my content follow @SugarMammaTV@CannaCampbellofficial xCC

SugarMamma’s Fireplay

Inheritance in Australia: The Hidden Tax You Didn’t Know About

https://api.omny.fm/orgs/2fb3740d-3436-44af-8cc0-a91900716aa5/clips/7fe49162-5c05-4673-bd4e-b339000f239b/transcript