Sep 1, 2023 | Accessing Superannuation, Blog, Superannuation
When can you access your superannuation savings? Accessing your superannuation is an area that needs to be approached with caution. There are strict rules in place as to when you are able to withdraw your retirement savings. Penalties are imposed on members and/or...
Sep 1, 2023 | Accessing Superannuation, Blog, Superannuation
The definition of retirement for superannuation is arguably the most important definition of any superannuation term. After all, the main reason for having superannuation is to receive tax concessions on investment earnings, provided we don’t access our super...
Sep 1, 2023 | Accessing Superannuation, Blog, Contributing to Super, SMSF, Superannuation
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...
Sep 1, 2023 | Blog, Death Benefits, Insurance in Super, Reversionary Pensions, SMSF, Superannuation
A lapsing binding death benefit nomination is a super nomination that has an expiry date. There are various death benefit nominations you can make. Generally, a non-binding nomination will be non-lapsing. A binding nomination can be lapsing or non-lapsing. The type of...
Sep 1, 2023 | Accessing Superannuation, Blog, Retirement Income Streams, SMSF, Superannuation, Superannuation Tax
A TTR Pension over age 60 provides a number of benefits. A Transition to Retirement (TTR) Pension is an income stream that you can start with your superannuation savings. You can use your super to start a TTR Pension once you have reached your superannaution...
Sep 1, 2023 | Accessing Superannuation, Blog, Centrelink, Retirement Income Streams, Superannuation
The relationship between Allocated Pensions and Centrelink is important to understand. Your allocated pension will affect the level of Age Pension that you are entitled to. This article explains how your Allocated Pension affects your Centrelink entitlements and what...
Aug 30, 2023 | Blog, Contributing to Super, SMSF, Superannuation, Superannuation Tax
Accumulation phase tax relates to the tax rate levied on earnings and contributions made to a superannuation accumulation account. Accumulation phase tax is paid by the super fund itself and effectively deducted from the relevant member’s balance. The tax rate...
Aug 30, 2023 | Accessing Superannuation, Blog, Retirement Income Streams, Superannuation, Superannuation Tax
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...
Aug 22, 2023 | Accessing Superannuation, Blog, Retirement Income Streams, SMSF, Superannuation, Superannuation Tax
This article addresses whether you are able to access your superannuation savings at age 55 and still continue to work. It will also explain how much tax might be payable and when you can access your super tax free. You may have heard of people in your workplace or...
Aug 22, 2023 | Accessing Superannuation, Blog, Death Benefits, Superannuation
There are a number of ways that you can access your super before retirement… legally…. but unfortunately most of them require you to die, be close to death, be severely injured or be on the bones of your ar#e. There are also many dodgy schemes out there...