Aug 6, 2019 | Accessing Superannuation, Blog, Contributing to Super, Retirement Income Streams, SMSF, Superannuation, Superannuation Tax
An individual’s superannuation balance can either be held in Accumulation Phase, Pension Phase, or a combination of the two. Understanding the difference between Accumulation Phase and Pension Phase within superannuation (including SMSFs) is important, as 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...
Jan 9, 2019 | Blog, Contributing to Super, Retirement Income Streams, SMSF, Superannuation, Superannuation Tax
This is an example of what superannuation is and the superannuation rules. To provide you with an example of superannuation, it is important to first understand why superannuation exists. First and foremost, superannuation is a place that you invest your savings. The...
Nov 20, 2018 | Accessing Superannuation, Blog, Contributing to Super, Superannuation, Superannuation Tax
Excess non-concessional contributions tax is payable when a superannuation member exceeds the non-concessional cap. A non-concessional contribution is a contribution made to superannuation with after-tax savings. Non-concessional contributions are generally made from...
Nov 16, 2018 | Blog, Contributing to Super, SMSF, Superannuation, Superannuation Tax
Non-Concessional contributions are a type of contribution made to superannuation. What defines a Non-Concessional contribution is that a tax deduction has not been claimed for making the contribution. The benefit of making superannuation Non-Concessional contributions...
Oct 26, 2018 | Accessing Superannuation, Blog, Contributing to Super, SMSF, Superannuation, Superannuation Tax
There are a number of disadvantages of non-concessional contributions to super. The disadvantages of non-concessional contributions are predominately based around accessibility, but there are other disadvantages too. A non-concessional contribution to super is a type...
Oct 23, 2018 | Accessing Superannuation, Blog, Contributing to Super, Death Benefits, Retirement Income Streams, Superannuation, Superannuation Tax
Tax on non-concessional contributions to super can be divided into three parts. Namely, contributions tax, earnings tax and withdrawal tax. This article covers the tax on non-concessional contributions during these three stages of superannuation. Contributions tax is...
Oct 4, 2018 | Blog, Contributing to Super, SMSF, Superannuation, Superannuation Tax
Is salary sacrifice concessional or non-concessional? This is an important question to determine the benefits of you making salary sacrifice contributions to superannuation and which contribution cap to count it towards. Salary sacrifice contributions to super is an...
Oct 3, 2018 | Accessing Superannuation, Blog, Contributing to Super, Death Benefits, Retirement Income Streams, SMSF, Superannuation, Superannuation Tax
This superannuation recontribution strategy calculator allows you to calculate the benefits of a recontribution strategy. Specifically, this recontribution calculator shows how the taxable and tax-free components are affected by the strategy. The benefits of a super...
Sep 27, 2018 | Blog, Contributing to Super, Superannuation, Superannuation Tax
Why make non-concessional contributions to super? This is a common question. However, it’s important to understand the advantages of non-concessional contributions and the tax benefits associated. The two types of contributions that can be made to super are...