Reducing a $180,000 Death Tax Bill to Nil (Recontribution Strategy)
The Challenge:
Buddy and Beryl, in their mid-60s, came to Mission Wealth for a retirement check-up. They’d done everything right, but a "look under the hood" of their super funds revealed a nasty surprise: a hidden 'super death tax' of over $180,000 was projected to hit the inheritance for their adult children.
The Mission Wealth Solution:
This is a tax trap many retirees don’t know about. We identified the problem was the large ‘taxable component’ in their super.
Our solution was a smart, simple “superannuation recontribution” strategy. Because they were retired and over 60, we guided Buddy and Beryl to:
- Withdraw a lump sum from their super (tax-free).
- Re-contribute that same money back into super as a ‘tax-free’ contribution.
We timed this strategy over two financial years to stay within the rules. Think of it as ‘washing’ the super from a taxable status to a tax-free one.
The Result:
The $180,000 tax bill was reduced to $0.
Buddy and Beryl’s super balance remained the same, but they now have complete peace of mind, knowing their hard-earned nest egg will pass to their family intact.
It’s not personal financial advice. We don’t know your specific objectives, financial situation, or needs (like whether you’re saving for a Lamborghini or just trying to afford avocado toast). Before you make any financial decisions based on this information, please consider if it’s appropriate for your unique circumstances. We strongly recommend you seek professional advice from a licensed financial adviser (like us, but in a proper, sit-down-and-talk-about-you kind of way)The information provided above is for general information and educational purposes only and does not constitute personal financial advice. We have not considered your specific objectives, financial situation, or needs. Before making any financial decisions based on this information, please consider whether it is appropriate for your unique circumstances. We strongly recommend that you seek professional advice from a licensed financial adviser.
From "Stuck" to "Sorted": Mark and Sarah’s Story (Strategy & Modelling)
Before they came to us, Mark and Sarah felt stuck.
They both had good jobs, but they were completely frozen by “what if” questions. Should they renovate the house or try to move? Could they afford private school for the kids? Were they saving enough, or should they be paying off debt instead?
Every option felt huge, and the fear of making the wrong choice meant they ended up doing nothing at all.
Our first step wasn’t to talk about products. It was to listen.
We used our financial modelling to map out their different scenarios. For the first time in long while, they could see what their future would look like if they chose “Path A” versus “Path B.” We showed them how they could renovate and plan for school fees, but it meant restructuring their cash flow.
We helped them build a simple, automated system for their money—no complicated spreadsheets. We also worked with their accountant to make sure the plan was as tax-efficient as possible.
Today, Mark and Sarah are on the same page. The stress is gone because the guesswork is gone. They have a plan they’re confident in and, more importantly, they’re back to focusing on living their lives.
It’s not personal financial advice. We don’t know your specific objectives, financial situation, or needs (like whether you’re saving for a Lamborghini or just trying to afford avocado toast). Before you make any financial decisions based on this information, please consider if it’s appropriate for your unique circumstances. We strongly recommend you seek professional advice from a licensed financial adviser (like us, but in a proper, sit-down-and-talk-about-you kind of way)The information provided above is for general information and educational purposes only and does not constitute personal financial advice. We have not considered your specific objectives, financial situation, or needs. Before making any financial decisions based on this information, please consider whether it is appropriate for your unique circumstances. We strongly recommend that you seek professional advice from a licensed financial adviser.
How David and Chloe Got "Unstuck" (Debt Recycling)
David and Chloe felt like they were on a treadmill. They were making great progress paying down their home loan, but their dream of building an investment portfolio always felt like “something for later.” They felt stuck, having to choose between one goal or the other.
When they came to Mission Wealth, we showed them they didn’t have to choose.
We worked with them to implement a debt recycling strategy. In simple terms, we helped them restructure their finances to steadily convert their “bad” home loan debt into “good,” tax-deductible investment debt.
The result?
David and Chloe are now building a growing investment portfolio while paying down their home loan. The tax-deductible interest from the investment loan has improved their cash flow, giving them more breathing room.
“We finally feel like we’re getting ahead, not just treading water. Mission Wealth showed us how to make our money work for us, not the other way around. It’s been a total game-changer.”
— David and Chloe
It’s not personal financial advice. We don’t know your specific objectives, financial situation, or needs (like whether you’re saving for a Lamborghini or just trying to afford avocado toast). Before you make any financial decisions based on this information, please consider if it’s appropriate for your unique circumstances. We strongly recommend you seek professional advice from a licensed financial adviser (like us, but in a proper, sit-down-and-talk-about-you kind of way)The information provided above is for general information and educational purposes only and does not constitute personal financial advice. We have not considered your specific objectives, financial situation, or needs. Before making any financial decisions based on this information, please consider whether it is appropriate for your unique circumstances. We strongly recommend that you seek professional advice from a licensed financial adviser.
From 'Overwhelmed' to 'On Track': David and Emily's Story(The Execution Gap)
“We had a plan. Sort of. It was a 30-page document a previous adviser created for us, and it just sat in a drawer,” says David. “Life was just too busy, and honestly, we were overwhelmed by it all.”
David and his wife, Emily, felt stuck. They had good intentions, but their financial goals—retirement, saving for their kids’ education—felt more like abstract ideas than a tangible reality.
“We were experts at procrastination,” Emily admits. “We had a ‘plan,’ but we were failing at the ‘execution.’ We just didn’t know how to bridge that gap.”
When they came to Mission Wealth, they were worried they’d just get another complicated binder.
“But the team at Mission Wealth focused on something different,” David explains. “They focused on action. They helped us break it all down into small, manageable steps. We finally automated our savings, got our insurance sorted, and for the first time, we had someone holding us accountable.”
“It wasn’t about a single, complex strategy,” adds Emily. “It was about building momentum. Seeing those small wins, month after month, made us feel motivated.Now, we finally feel like we’re in control. We’re not just ‘planning’ anymore—we’re actually doing.”
It’s not personal financial advice. We don’t know your specific objectives, financial situation, or needs (like whether you’re saving for a Lamborghini or just trying to afford avocado toast). Before you make any financial decisions based on this information, please consider if it’s appropriate for your unique circumstances. We strongly recommend you seek professional advice from a licensed financial adviser (like us, but in a proper, sit-down-and-talk-about-you kind of way)The information provided above is for general information and educational purposes only and does not constitute personal financial advice. We have not considered your specific objectives, financial situation, or needs. Before making any financial decisions based on this information, please consider whether it is appropriate for your unique circumstances. We strongly recommend that you seek professional advice from a licensed financial adviser.