Jan 25, 2017 | Blog, Contributing to Super, Featured, Superannuation
The maximum superannuation Concessional (deductible) Contribution cap has been reducing quite steadily over the years. In the 2016/2017 financial year, the Concessional Contribution cap is $35,000 for individuals aged 49 years or over and $30,000 for those under age...
Jan 23, 2017 | Blog, Contributing to Super, Featured, Superannuation
As of 1 July 2017, there is a significant reduction in the Non-Concessional Contribution cap compared to previous years. The reduction in the Non-Concessional Contribution cap is another measure aimed at reducing the effective tax concessions available for wealthier...
Jan 19, 2017 | Blog, Contributing to Super, Featured, Superannuation
The recent and significant changes to the superannuation Non Concessional Contribution cap from 1 July 2017 has largely impacted the ‘Bring Forward Rule’ if the Bring Forward Rule was triggered prior to 1 July 2017; specifically in the 2015/16 or 2016/17...
Dec 8, 2015 | Blog, Contributing to Super, Superannuation
Ever wondered why people make extra superannuation contributions? Do you want to know how to make extra superannuation contributions? Firstly we should define what a ‘standard’ superannuation contribution is, so that an extra superannuation contribution...
Jul 9, 2015 | Blog, Contributing to Super, Superannuation, Superannuation Tax
The superannuation government co-contribution is an incentive for you to contribute more to your superannuation savings. The presumed intention of this is to encourage people to save more for their retirement (rather than spending it now), which will lessen the burden...
Jan 14, 2015 | Blog, Contributing to Super, Superannuation
The term Reportable Employer Superannuation Contributions refers to superannuation contributions made by your employer into your superannuation account over and above the contributions that they are required to make (extra contributions). How do I know if a Reportable...
Oct 26, 2014 | Accessing Superannuation, Blog, Contributing to Super, Retirement Income Streams, Superannuation
The superannuation rules for those over the age of 60 are the most favourable. In this article, we will discuss superannuation contributions and withdrawals, as well as all the associated tax benefits. In many cases, you should be able to access your superannuation...
Sep 4, 2014 | Blog, Contributing to Super, Superannuation
Update: Please refer to updates to superannuation from 1 July 2017 to see potential changes in contribution caps. This article explains what the Salary Sacrifice Super Cap is, how to determine what your cap is and what happens if you exceed the cap. The Superannuation...
Jun 6, 2014 | Blog, Contributing to Super, Superannuation
This remains one of the easiest ways to get a tax deduction without losing a cent. Transfer money into your super account and cut your tax bill. It’s that easy. This article helps you determine if your super contributions are tax deductible and how they can be...
Feb 26, 2014 | Blog, Contributing to Super, Superannuation
Self Employed people generally don’t have someone making compulsory contributions into their superannuation account – unless they are employees of their own business, in which case their business will be required to make SG Contributions into their...