Jul 26, 2018 | Blog, Contributing to Super, Superannuation
This article explores the advantages and disadvantages of salary sacrificing part of your wage into superannuation. Salary sacrifice is an arrangement with your employer whereby you give up some of your salary in exchange for increased superannuation contributions....
Jul 22, 2018 | Blog, Contributing to Super, Featured, Superannuation
The Superannuation Guarantee Levy rate is the amount that an employer is required to pay into a superannuation account on behalf of an employee under the superannuation guarantee obligations. The Superannuation Guarantee Levy is represented as a percentage of an...
Jul 10, 2018 | Blog, Contributing to Super, Superannuation
The Superannuation Guarantee (SG) is the compulsory amount that an employer must pay into the default or nominated superannuation fund in respect of an employee as part of their employment conditions. The Superannuation Guarantee Charge (SGCC Superannuation) is a...
Jul 4, 2018 | Blog, Contributing to Super, Superannuation
Requesting the SGC Superannuation Fund phone number is common amongst employees all over Australia. It is actually difficult to find the SGC Superannuation Fund phone number. SGC stands for Superannuation Guarantee Charge. It is common that SGC is noted on a payslip...
May 23, 2018 | Blog, Contributing to Super, Superannuation
Voluntary superannuation contributions can be made in 3 main ways: As a Personal Non-Concessional Contribution As a Personal Concessional Contribution; or As a Salary Sacrifice Contribution A bonus about Personal Non Concessional Contributions is that it may entitle...
Feb 15, 2018 | Blog, Contributing to Super, Featured, Superannuation
So, how do the catch-up provisions for unused Concessional Contributions work? And how can these unused Concessional Contributions be carried-forward? This article will explain the conditions that need to be met so that an individual can utilise the Concessional...
Aug 3, 2017 | Blog, Contributing to Super, Superannuation
Meeting the Superannuation Work Test is required for members who have reached age 65 and wish to make or receive certain contributions. The Government did not make any changes to the superannuation work test from 1 July 2017. Members under age 65 are not required to...
Jul 21, 2017 | Blog, Contributing to Super, Superannuation
The meaning of Non Concessional for superannuation purposes refers to contributions made to superannuation where a tax deduction has not been claimed by the contributor. There are two types of contributions that can be made to superannuation: Non-Concessional...
Mar 8, 2017 | Blog, Contributing to Super, Superannuation, Superannuation Tax
Why is superannuation so important? To understand this, we need to know what superannuation is. These examples might help you understand the workings and benefits of superannuation. Put simply, superannuation in Australia is a vehicle that allows us to save for...
Feb 4, 2017 | Accessing Superannuation, Blog, Contributing to Super, Retirement Income Streams, Superannuation, Superannuation Tax
There are a variety of taxes that apply to superannuation. These taxes apply in many different situations and at differing rates. This article attempts to provide you with a brief description of each tax and how it may apply. The main idea of superannuation is to...