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People often continue working after receiving superannuation. By doing so, they make it legally their secondary job.

When they retire there’s no one to advise them it's time to change National Superannuation to a primary tax code. Result – they are over-taxed and never know it has happened because they don’t need to put in a tax return. Typical cost is about $1000 a year.

You might like to mention this risk to anyone you know who might be affected. Incidentally, there’s no law which says you can’t make National Super the primary source of income and switch the primary job to secondary. Do the arithmetic to see if it matters.

Remember, you can go back four years to get refunds (see also article “Keep tax details” at right).