Ask Max: Your questions answered

Rural land in a SMSF, non-concessional contributions after 65, and more.

My husband and I are 79. We hold land worth about $600,000 in a pension fund with our son and daughter-in-law. We have the largest portion of the value of the fund. Our son pays rent every year and this funds our pension. What is the most tax-effective way to pass this on when we die?

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