Nov 20, 2018 | Accessing Superannuation, Blog, Contributing to Super, Superannuation, Superannuation Tax
Excess non-concessional contributions tax is payable when a superannuation member exceeds the non-concessional cap. A non-concessional contribution is a contribution made to superannuation with after-tax savings. Non-concessional contributions are generally made from...
Nov 16, 2018 | Blog, Contributing to Super, SMSF, Superannuation, Superannuation Tax
Non-Concessional contributions are a type of contribution made to superannuation. What defines a Non-Concessional contribution is that a tax deduction has not been claimed for making the contribution. The benefit of making superannuation Non-Concessional contributions...
Oct 26, 2018 | Accessing Superannuation, Blog, Contributing to Super, SMSF, Superannuation, Superannuation Tax
There are a number of disadvantages of non-concessional contributions to super. The disadvantages of non-concessional contributions are predominately based around accessibility, but there are other disadvantages too. A non-concessional contribution to super is a type...
Oct 23, 2018 | Accessing Superannuation, Blog, Contributing to Super, Death Benefits, Retirement Income Streams, Superannuation, Superannuation Tax
Tax on non-concessional contributions to super can be divided into three parts. Namely, contributions tax, earnings tax and withdrawal tax. This article covers the tax on non-concessional contributions during these three stages of superannuation. Contributions tax is...
Oct 4, 2018 | Blog, Contributing to Super, SMSF, Superannuation, Superannuation Tax
Is salary sacrifice concessional or non-concessional? This is an important question to determine the benefits of you making salary sacrifice contributions to superannuation and which contribution cap to count it towards. Salary sacrifice contributions to super is an...
Oct 3, 2018 | Accessing Superannuation, Blog, Contributing to Super, Death Benefits, Retirement Income Streams, SMSF, Superannuation, Superannuation Tax
This superannuation recontribution strategy calculator allows you to calculate the benefits of a recontribution strategy. Specifically, this recontribution calculator shows how the taxable and tax-free components are affected by the strategy. The benefits of a super...
Sep 27, 2018 | Blog, Contributing to Super, Superannuation, Superannuation Tax
Why make non-concessional contributions to super? This is a common question. However, it’s important to understand the advantages of non-concessional contributions and the tax benefits associated. The two types of contributions that can be made to super are...
Jul 10, 2018 | Accessing Superannuation, Blog, SMSF, Superannuation, Superannuation Tax
Making a superannuation withdrawal from an accumulation account can be done by anyone who has met a full superannuation condition of release. It is important to consider any tax implications of making a withdrawal from an accumulation account. Generally, when an...
Aug 12, 2017 | Accessing Superannuation, Death Benefits, Superannuation, Superannuation Tax
The withdrawal and recontribution strategy is a process employed to reduce the taxable component of a superannuation or pension balance and increase the tax-free component. Despite the changes to superannuation from 1 July 2017, the withdrawal and recontribution...
Jul 27, 2017 | Accessing Superannuation, Blog, Superannuation, Superannuation Tax
Making lump sum withdrawals from super over age 65 is easier than any other age and, in most cases, won’t incur any tax. This article discusses the superannuation rules for an over 65 year old, including accessibility to super for people over 65 and the tax...