TPD Insurance Tax Deductible in SMSF
This article explores whether TPD insurance is tax deductible within a SMSF. TPD stands for Total and Permanent Disability. In certain circumstances, the premiums for TPD insurance can be a tax deductible expense to an SMSF. TPD is an insurance that can be owned...
What Happens To My Super If I Stop Working?
Wondering what happens to your super when you stop working? Superannuation is a vehicle designed to help you save towards retirement and cover expenses when you decide to stop working. You might associate superannuation with the place that your employer makes...Average Retirement Age Australia 2023
The average retirement age in Australia in 2023 is difficult to determine. The reason it is difficult to determine is because the definition of retirement has evolved over the past decade or so. How do you define the term retirement? There is actually a definition of...Can I Withdraw My Super at 65 and Keep Working?
Can I withdraw my super at 65 and keep working? This is a common question. Firstly, in order to access your superannuation, you need to meet a superannuation ‘Condition of Release’. There are a number of different ‘Conditions of Release’. The...
Can You Use Your Super To Buy A Car
Are you wondering if you can use your super to buy a car? Most standard superannuation funds have a limited investment menu. These options usually include managed funds, term deposits and possibly ASX-listed shares. A self managed superannuation fund (SMSF) provides...
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...Over 60: Can I Use Some Of My Superannuation?
Are you over age 60 and want to know if you can use some of your superannuation? This article discusses how you can use some of your superannuation over age 60, including the forms in which you can access it and any tax that may be payable. There are four main ways...Transition to Retirement Disadvantages
There are a few disadvantages associated with Transition to Retirement income streams that one should be aware of prior to implementing such a strategy. A superannuation Transition to Retirement (TTR) income stream pension is commenced using some or all of your...Access To Superannuation After Age 60
There are three ways to gain access to superannuation after age 60. One such way will only provide limited access. The other two ways will provide full access. In every case, an individual is required to meet a superannuation condition of release in order to access...
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