Whenever I make a speech to retirees, I talk about the death tax of 15% (or 17% when it includes the Medicare levy), which can apply to superannuation death benefits. Most people have never heard of it, and believe that Australia doesn’t have death duties.

I guess it’s not, strictly speaking, a “death duty” but the effect is the same. So take the time to get your head around it – it’s an easy tax to minimise with a bit of planning.