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...
Jul 21, 2017 | Blog, Contributing to Super, Superannuation
The meaning of Non Concessional for superannuation purposes refers to contributions made to superannuation where a tax deduction has not been claimed by the contributor. There are two types of contributions that can be made to superannuation: Non-Concessional...
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...
Dec 8, 2015 | Blog, Contributing to Super, Superannuation
Ever wondered why people make extra superannuation contributions? Do you want to know how to make extra superannuation contributions? Firstly we should define what a ‘standard’ superannuation contribution is, so that an extra superannuation contribution...
Jul 9, 2015 | Blog, Contributing to Super, Superannuation, Superannuation Tax
The superannuation government co-contribution is an incentive for you to contribute more to your superannuation savings. The presumed intention of this is to encourage people to save more for their retirement (rather than spending it now), which will lessen the burden...