Sep 8, 2020 | Accessing Superannuation, Blog, Featured, Retirement Income Streams, Superannuation, Superannuation Tax
What is the taxable component in superannuation? There are two main tax components that make up a superannuation balance. These components are the Taxable Component and the Tax-Free Component (sometimes referred to as the Exempt Component). The Taxable Component is...
Aug 14, 2020 | Blog, Death Benefits, Retirement Income Streams, Reversionary Pensions, Superannuation
A reversionary pension is an income stream pension that automatically passes to the reversionary beneficiary upon death of the original owner of the pension. A reversionary pension beneficiary is a person who will receive an income stream pension when the original...
May 1, 2020 | Accessing Superannuation, Blog, Retirement Income Streams, SMSF, Superannuation
This article walks you through a transition to retirement example and the transition to retirement rules. A transition to retirement pension income stream is an income stream commenced using your some or all of your superannuation savings while you are still working,...
Jan 4, 2020 | Blog, Centrelink, Retirement Income Streams, SMSF, Superannuation
A grandfathered account based pension is an account based pension where the assessment of the pension income is calculated using the deductible amount method. The current assessment of a non-grandfathered account based pension for social security or aged care purposes...
Jan 2, 2020 | Accessing Superannuation, Blog, Centrelink, Retirement Income Streams, Superannuation
An indexed pension is an income stream that has income payments progressively increasing in value. The purpose of this is an attempt to ensure that the pension recipient has the ability to continue covering living expenses, despite the cost of living increasing due...
Jan 1, 2020 | Accessing Superannuation, Blog, Centrelink, Retirement Income Streams, Superannuation
The relationship between Allocated Pensions and Centrelink is important to understand. Your allocated pension will affect the level of Age Pension that you are entitled to. This article explains how your Allocated Pension affects your Centrelink entitlements and what...
