More about super contributions

A couple of weeks’ back I covered the rules around the timing of superannuation contributions. In line with the same theme, I thought it would be worthwhile to revisit some other important things to keep in mind about contributions, especially considering some of the significant changes that came into effect from ...

Planning on making super contributions this financial year?

As we move into the start of the fourth quarter of the financial year, it is timely that we turn our mind to tax planning and the things we need to be considering as 30 June looms ahead. Firstly, you need to be very mindful of the correct timing of superannuation ...

Age Pension and the Superannuation Sweet Spot?

What am I talking about? I will try and provide a very simple explanation.  The “Superannuation Sweet Spot” is recent terminology referring to the amount of money a person or couple needs to have saved in superannuation to ensure they achieve a reasonable level of income while maximizing their age pension. There ...

Scared of losing your marbles… or just your super?

We have previously written on a number of occasions about the risks of internet-driven identity theft and perhaps, more importantly, the theft of our hard-earned savings. But did you know that thousands of Australians have indirectly ‘given’ billions of dollars of their super to the Australian Taxation Office (ATO)? This is not ...

Has superannuation failed us?

For many older Australians, superannuation is a relatively new concept, having only been available to the masses since the mid-1980’s. Although ‘award based’ superannuation first appeared in 1985, the more formal compulsory superannuation guarantee system was introduced in 1992. Before becoming compulsory, employer sponsored superannuation was pretty much optional. Certainly, public ...

 

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