750,000 Retirees Miss Out on $850 Annually Due to Super Tax Rules

January 09, 2025 01:30 AM IST | By Team Kalkine Media

Are you a retiree unknowingly paying more taxes than you need to? Mercer reveals that nearly 750,000 retirees are overpaying a staggering $635 million in taxes each year. This financial drain occurs because superannuation funds fail to advise retirees to transition from accumulation to pension products. Discover how this issue affects your retirement savings and what you can do to optimize your financial future.


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