Sep 10, 2023 | Accessing Superannuation, Blog, Contributing to Super, Retirement Income Streams, Superannuation
Can I withdraw my super at 65 and keep working? This is a common question. Firstly, in order to access your superannuation, you need to meet a superannuation ‘Condition of Release’. There are a number of different ‘Conditions of Release’. The...
Sep 9, 2023 | Accessing Superannuation, Blog, Death Benefits, Superannuation, Superannuation Tax
This superannuation death benefit calculator is designed to help you calculate the death benefit payable to each beneficiary and the tax payable by the recipients. A superannuation death benefit is a payment made to from a superannuation account to the beneficiary of...
Sep 9, 2023 | Accessing Superannuation, Blog, Retirement Income Streams, Superannuation
Are you over age 60 and want to know if you can use some of your superannuation? This article discusses how you can use some of your superannuation over age 60, including the forms in which you can access it and any tax that may be payable. There are four main ways...
Sep 6, 2023 | Accessing Superannuation, Blog, Retirement Income Streams, Superannuation
This article discusses transition to retirement pensions for people over age 65. It explains why individuals over age 65 will never have a transition to retirement (TTR) pension. A transition to retirement pension provides access to superannuation for people who have...
Sep 5, 2023 | Blog, Featured, Retirement Income Streams, SMSF, Superannuation, Superannuation Tax
The superannuation Tax Free component (aka tax-exempt component) is made up of all after-tax contributions made to superannuation (i.e. Non-Concessional Contributions). A superannuation balance will consist of two main tax components: the Tax Free component and the...
Sep 5, 2023 | Blog, Death Benefits, Retirement Income Streams, Reversionary Pensions, Superannuation, Superannuation Tax
The tax on superannuation death benefits varies depending on the recipient of the benefits, the components that make up the benefit and the for in which the benefit is paid. Tax on superannuation death benefits can be quite considerable and have a significant impact...
Sep 3, 2023 | Accessing Superannuation, Blog, Superannuation
You are able to take money out of your superannuation fund if you meet a Superannuation Condition of Release. The purpose of superannuation is to assist with covering your living expenses once you have ceased work. Superannuation is important because it ensures that...
Sep 2, 2023 | Accessing Superannuation, Blog, Contributing to Super, Retirement Income Streams, Superannuation
The difference between superannuation and retirement is that one is a vehicle for retirement savings and one is a term generally used to describe the act of no longer working. Superannuation can be broken into two main parts and retirement can have numerous...
Sep 2, 2023 | Blog, SMSF, Superannuation
What is Superannuation? Superannuation is a vehicle saving for retirement in a tax-effective manner. Superannuation is Australia’s own little ‘tax haven’. This is place to build up savings for retirement in a tax effective way. All income and capital...
Sep 2, 2023 | Accessing Superannuation, Blog, Death Benefits, Superannuation
What is a non-binding beneficiary in superannuation? A non-binding beneficiary is a the person that you would like to receive your superannuation balance (and any insurance benefits within super) upon your death. A person becomes a non-binding beneficiary of your...