Mar 10, 2023 | Accessing Superannuation, Blog, Retirement Income Streams, SMSF, Superannuation
There are a number of differences between account based pension vs transition to retirement pensions. Account based pensions and transition to retirement pensions share the same base rules, but have some notable differences. Overall, an account based pension provides...
Jul 28, 2022 | Accessing Superannuation, Blog, Retirement Income Streams, Superannuation
Were you born in 1967 and wondering when you can retire? This article focuses on the retirement age for someone born in 1967. There are two types of retirement ages for you to consider. There is the superannuation retirement age and then there is the social security...
Jul 19, 2022 | Blog, Contributing to Super, SMSF, Superannuation
Knowing how much you can put into superannuation each year is important if you are looking to maximise your super contributions. Every year, there are changes to superannuation rules, contribution caps and various thresholds. This article is going to explain how much...
Jul 4, 2022 | Accessing Superannuation, Blog, Centrelink, Contributing to Super, Retirement Income Streams, SMSF, Superannuation, Superannuation Tax
Leaving super in accumulation phase is an option if you are retired or nearing retirement. There are a number of reasons why you may choose to leave funds in accumulation phase. Once you retire, you are not obligated to withdraw your super or commence an income...
Aug 6, 2019 | Accessing Superannuation, Blog, Contributing to Super, Retirement Income Streams, SMSF, Superannuation, Superannuation Tax
An individual’s superannuation balance can either be held in Accumulation Phase, Pension Phase, or a combination of the two. Understanding the difference between Accumulation Phase and Pension Phase within superannuation (including SMSFs) is important, as the...
May 27, 2019 | Accessing Superannuation, Blog, Retirement Income Streams, SMSF, Superannuation
This article discusses how to rollback a pension to accumulation within superannuation. Within superannuation you can have an accumulation account and/or a pension account. In fact, you may have separate accumulation accounts with different superannuation providers....
Mar 5, 2019 | Accessing Superannuation, Blog, Contributing to Super, Retirement Income Streams, Superannuation, Superannuation Tax
What are the superannuation rules for individuals aged over 65? This covers accessing superannuation rules for people over aged 65, as well as contribution rules for people aged over 65. Age 65 is a significant age in relation to superannuation both in terms of...
Jan 22, 2019 | Accessing Superannuation, Blog, Centrelink, Retirement Income Streams, Superannuation
What does it mean to commute a pension? A pension commutation is a lump sum withdrawal from the theoretical capital supporting the pension. The theoretical capital is not exactly calculated as the pension balance itself. Basically, if a lump sum withdrawal is made...
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...
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...