Can I Use My Super To Buy A House To Live In 2022
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...Non Lapsing Binding Death Benefit Nomination
A Non Lapsing Binding Death Benefit Nomination is a death benefit nomination made to the trustee of your superannuation account that does not have an expiry date. Traditionally, Binding Death Benefit Nominations had an expiry of 3 years. This would mean that you would...
Can I Buy a House With My Superannuation?
Buying a house with your superannuation is possible, but there are some things you need to understand before doing so. There are actually two parts to the question, ‘can I buy a house with my superannuation?’. There is buying a house to live in as your...
Leaving Super in Accumulation Phase
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...
Risks and Disadvantages of Salary Sacrifice
There are a number of risks and disadvantages of salary sacrificing into superannuation. Understanding the disadvantages of salary sacrifice is important before using this strategy to save towards retirement. The risks and disadvantages associated with a salary...Age Limits For Superannuation Contributions
Age limits for superannuation contributions are important for determining who can and who cannot make contributions to superannuation and the type of contributions that can be made. The age limits and types of contributions that can be made to super have changed a few...
Superannuation Death Benefit Calculator
This superannuation death benefit calculator is designed to help you calculate the death benefit payable to each beneficiary and the tax payable by the recipients. A superannuation death benefit is a payment made to from a superannuation account to the beneficiary of...
What Does SGC Mean On A Payslip?
If you are an employee, it is likely that you receive a payslip each pay period and might be wondering what the term SGC means on your payslip. SGC or SG stands for Superannuation Guarantee contributions. Superannuation Guarantee contributions are compulsory...
Advantages and Disadvantages of Non-Concessional Contributions
There are a number of advantages and disadvantages of non-concessional contributions. These benefits and downsides of non-concessional contributions need to be considered prior to making any contributions to superannuation. There are two types of contributions that...
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