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 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...
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 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...
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...
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...
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 23, 2014 | Blog, Contributing to Super, Superannuation
The Concessional Contributions Cap refers to the maximum level of Concessional Contributions that can be made in any one financial year. Please click here for information on the Maximum Superannuation Contributions Base (SGC). What is a Concessional Contribution? A...