Superannuation Preservation Age Changes
The superannuation preservation age changes from age 55 to 60 depending on your date of birth. The change in superannuation preservation age signifies when you are able to access your super savings. You can use your preservation age to calculate how long it takes to...What is 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...
Pooled vs Segregated Assets SMSF
Pooled vs segregated assets refer to the investment strategy of a self managed superannuation fund (SMSF). A self managed superannuation fund is a specific type of super fund that has fewer than five members. Generally, all members of a SMSF are trustees of the SMSF,...Binding Death Benefit Nomination Pros & Cons
There are a number of advantages and disadvantages of superannuation binding death benefit nominations. A superannuation binding death benefit nomination is akin to a Will for your super. Your Will does not control who receives your super if you die. The distribution...
Can I Use My Super To Buy A House To Live In 2024
Can I use my superannuation to buy a house to live in? This is question asked by many Australians time and time again. We’re often told that superannuation is our money, so we should be able to use it how we please, shouldn’t we? Housing affordability in...Lapsing Binding Death Benefit Nomination
A lapsing binding death benefit nomination is a super nomination that has an expiry date. There are various death benefit nominations you can make. Generally, a non-binding nomination will be non-lapsing. A binding nomination can be lapsing or non-lapsing. The type of...TTR Pension Over Age 60
A TTR Pension over age 60 provides a number of benefits. A Transition to Retirement (TTR) Pension is an income stream that you can start with your superannuation savings. You can use your super to start a TTR Pension once you have reached your superannaution...Accumulation Phase Tax
Accumulation phase tax relates to the tax rate levied on earnings and contributions made to a superannuation accumulation account. Accumulation phase tax is paid by the super fund itself and effectively deducted from the relevant member’s balance. The tax rate...Can I Access My Super At 55 And Still Work?
This article addresses whether you are able to access your superannuation savings at age 55 and still continue to work. It will also explain how much tax might be payable and when you can access your super tax free. You may have heard of people in your workplace or...
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