Dec 18, 2018 | Blog, Contributing to Super, Superannuation, Superannuation Tax
The SGC contribution cap can refer to the concessional contribution cap or the SGC maximum contribution base. Either way, both SGC contribution caps will be addressed below. The SGC contribution caps are important because they determine the level of SGC...
Nov 21, 2018 | Blog, Contributing to Super, SMSF, Superannuation, Superannuation Tax
The definition of a concessional contribution is a contribution made to superannuation where a tax deduction has been claimed in respect of the contribution. The level of concessional contributions that can be made into your super account is limited. It is the...
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 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 26, 2018 | Blog, Contributing to Super, Superannuation
This article explores the advantages and disadvantages of salary sacrificing part of your wage into superannuation. Salary sacrifice is an arrangement with your employer whereby you give up some of your salary in exchange for increased superannuation contributions....
Jul 22, 2018 | Blog, Contributing to Super, Featured, Superannuation
The Superannuation Guarantee Levy rate is the amount that an employer is required to pay into a superannuation account on behalf of an employee under the superannuation guarantee obligations. The Superannuation Guarantee Levy is represented as a percentage of an...