Sep 6, 2020 | 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...
Aug 6, 2020 | 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...
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...
Jul 28, 2020 | Blog, Contributing to Super, Featured, Superannuation, Superannuation Tax
Comparing Concessional and Non Concessional contributions. This article discusses the difference between Concessional and Non-Concessional contributions, including what are Concessional and Non-Concessional contributions. There are only two types of contributions that...
Jul 13, 2020 | Accessing Superannuation, Blog, Contributing to Super, Death Benefits, Featured, SMSF, Superannuation, Superannuation Tax
A superannuation recontribution strategy involves withdrawing some or all of your super balance and recontributing back into super as a non-concessional contribution. It is a reasonably common strategy recommended by financial advisers to their clients under certain...
Jun 1, 2020 | Blog, Contributing to Super, Superannuation
Salary Sacrificing to Superannuation allows you to build up your retirement savings while simultaneously reducing your personal income tax. Find out more about Salary Sacrificing here. Determining the amount that you can salary sacrifice doesn’t need to be...
Mar 10, 2020 | Blog, Contributing to Super, Super Fees, Superannuation
It is important to understand the superannuation fees both when you are working and when you are not working. The range of fees between all of the superannuation funds available in Australia is staggering. It is possible you are paying high fees within your super fund...
Oct 7, 2019 | Blog, Contributing to Super, SMSF, Superannuation
The SGC age limit refers to the age of an employee who is eligible to receive mandatory employer super contributions. Superannuation Guarantee Contirbutions (SGC) are required to be paid by an employer into an employee’s super account. SGC must be paid by the...
