Oct 4, 2019 | Accessing Superannuation, Blog, Centrelink, Contributing to Super, Retirement Income Streams, SMSF, Superannuation, Superannuation Tax
Leaving super in accumulation phase is an option if you are retired or nearing retirement. There are a number of reasons why you may choose to leave funds in accumulation phase. Once you retire, you are not obligated to withdraw your super or commence an income...
Sep 12, 2019 | Accessing Superannuation, Blog, Retirement Income Streams, SMSF, Superannuation, Superannuation Tax
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...
Sep 2, 2019 | Blog, Contributing to Super, Featured, Superannuation, Superannuation Tax
The Low Income Super Tax Offset is a superannuation payment made by the Government into the superannuation account of Low Income Earners to help them save for retirement. This superannuation support for low-income earners essentially refunds the contributions tax...
Aug 6, 2019 | Accessing Superannuation, Blog, Contributing to Super, Retirement Income Streams, SMSF, Superannuation, Superannuation Tax
Jun 19, 2019 | Accessing Superannuation, Blog, Contributing to Super, Retirement Income Streams, Superannuation, Superannuation Tax
There are a number of ways to avoid tax in Australia. Some of them legal, some not-so. Most legal ways of avoiding tax involve you spending money and claiming a tax deduction for spending that money. However, I’m going to show you two ways to avoid tax without...
Jun 18, 2019 | Blog, Contributing to Super, Featured, Superannuation, Superannuation Tax
What are Low Tax Super Contributions? Low Tax Superannuation Contributions are concessional taxed contributions made into a superannuation account. They are most relevant in determining the application of the Division 293 Tax to high-income earners. Low Tax...
Jun 5, 2019 | 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...
Jun 3, 2019 | Blog, Contributing to Super, Featured, Superannuation, Superannuation Tax
Excess superannuation contributions tax is payable on contributions that exceed the Non-Concessional Contributions Cap or the Concessional Contributions Cap. The rate of Excess Contributions Tax that is payable on Excess Contributions is dependent on the type of...
Jun 1, 2019 | Accessing Superannuation, Blog, Retirement Income Streams, Superannuation, Superannuation Tax
Accessing superannuation requires you to meet a superannuation condition of release. Generally, this first opportunity that you have to meet a condition of release is by reaching your superannuation preservation age. The superannuation preservation age for people born...
Mar 5, 2019 | Accessing Superannuation, Blog, Contributing to Super, Retirement Income Streams, Superannuation, Superannuation Tax
What are the superannuation rules for individuals aged over 65? This covers accessing superannuation rules for people over aged 65, as well as contribution rules for people aged over 65. Age 65 is a significant age in relation to superannuation both in terms of...
