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...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...
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...
Can I Access My Super at 60 and Still Work?
There are two ways that you can access your superannuation at age 60 and still work. One such way involves limited access to your superannuation and the other provides full access to your superannuation. You can, in fact, access your superannuation as soon as you...
Maximum Super Contribution Base Example
Detailed below is an example of the maximum superannuation contribution base. The maximum super contribution base limits the level of SG contributions required to be made by an employer on behalf of an employee. The maximum super contribution base example below...
Maximum Superannuation Contribution Base
The maximum superannuation contribution base refers to the quarterly wage earned by an employee that the employer is required to pay Mandatory Superannuation Guarantee (SG) payments on. The Superannuation Guarantee Levy is the compulsory superannuation contribution...
Download our 6-step Super Check & take control of your super