How to Withdraw Super
Prior to figuring out how to withdraw super, you must first determine if you are allowed to access your super. In order to access your superannuation savings you must first meet a superannuation condition of release. The most common ways of meeting a condition of...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...Commutations & Centrelink
What is a commutation payment? Commutations are a withdrawals made from the capital supporting an account based pension. Commutations may affect Centrelink entitlements. The extent to which commutations affect Centrelink entitlements depends on a few factors, which...
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...Difference Between Lapsing and Non-Lapsing
The difference between lapsing and non-lapsing superannuation nominations is that a lapsing nomination is generally valid for 3 years; whereas a non-lapsing nomination does not expire. Superannuation death benefit nominations are legal directives to a trustee of a...
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