Oct 2, 2023 | Blog, Contributing to Super, SMSF, Superannuation, Superannuation Tax
Can I put redundancy into super? This is a good question and important to understand. Making contributions to superannuation can provide you with tax concessions and may result in you effectively paying less tax on your redundancy payment. Rolling a redundancy payment...
Sep 10, 2023 | Accessing Superannuation, Blog, Contributing to Super, Retirement Income Streams, Superannuation
Wondering what happens to your super when you stop working? Superannuation is a vehicle designed to help you save towards retirement and cover expenses when you decide to stop working. You might associate superannuation with the place that your employer makes...
Sep 9, 2023 | Blog, Contributing to Super, Superannuation
You may have come across the term SGC Fund Details Pending on your payslip, payment summary or other salary/ wage document. As an employee, your employer is required to make mandatory superannuation guarantee (SG) payments into your superannuation fund. The amount of...
Aug 19, 2023 | Blog, Contributing to Super, Superannuation
To find your SGC Super login, you will need to find your superannuation fund. Most superannuation fund providers will give their members the ability to login to their super account. Logging into your SGC super account can provide you with information about your...
Jul 19, 2022 | Blog, Contributing to Super, SMSF, Superannuation
Knowing how much you can put into superannuation each year is important if you are looking to maximise your super contributions. Every year, there are changes to superannuation rules, contribution caps and various thresholds. This article is going to explain how much...
Jul 6, 2021 | Blog, Contributing to Super, Superannuation, Superannuation Tax
There are a number of risks and disadvantages of salary sacrificing into superannuation. Understanding the disadvantages of salary sacrifice is important before using this strategy to save towards retirement. The risks and disadvantages associated with a salary...
Apr 12, 2021 | Blog, Contributing to Super, Superannuation
If you are an employee, it is likely that you receive a payslip each pay period and might be wondering what the term SGC means on your payslip. SGC or SG stands for Superannuation Guarantee contributions. Superannuation Guarantee contributions are compulsory...
Dec 8, 2020 | Blog, Contributing to Super, Superannuation
The maximum superannuation contribution base refers to the quarterly wage earned by an employee that the employer is required to pay Mandatory Superannuation Guarantee (SG) payments on. The Superannuation Guarantee Levy is the compulsory superannuation contribution...
Dec 1, 2020 | Blog, Contributing to Super, Featured, Superannuation, Superannuation Tax
Contributions made to superannuation where a tax deduction has been claimed incur superannuation contributions tax. Contributions where a tax deduction has been claimed are referred to as Concessional Contributions. The types of contributions that are assessed as...
Aug 2, 2020 | Blog, Contributing to Super, Insurance in Super, Superannuation
Catch-up super contributions relate to the concessional contribution cap. A concessional contribution is defined as a contribution where the contributor claimed a tax deduction for making the contribution. The amount of concessional contributions that can be made each...