First things 1st - what is a reversionary pension? Glad you asked and we're glad we have Stuart Sheary, subject matter expert from the Institute of Financial Professionals of Australia (www.ifpa.com.au) along to explain the pros and cons of having a pension in place and what it means to beneficiaries of the pension. As we all meet our maker, the type of pension in place will have a marked impact on the beneficiaries, the tax implications and whether some pay tax, or no tax at all. Some jargon and a few explanations later, Stuart helps sort through some of the detail so you can understand what decision may suit you. And as always, we recommend you chat your financial professional for detailed advice.
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@Radio Northern Beaches