Feb 4, 2023 | Accessing Superannuation, Blog, SMSF, Superannuation
Buying a house with your superannuation is possible, but there are some things you need to understand before doing so. There are actually two parts to the question. There is buying a house to live in as your home and then there is buying a house as an investment...
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 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...
Jun 19, 2019 | Accessing Superannuation, Blog, Contributing to Super, Retirement Income Streams, Superannuation, Superannuation Tax
There are a number of ways to avoid tax in Australia. Some of them legal, some not-so. Most legal ways of avoiding tax involve you spending money and claiming a tax deduction for spending that money. However, I’m going to show you two ways to avoid tax without...
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....
Feb 13, 2019 | Accessing Superannuation, Blog, Retirement Income Streams, Reversionary Pensions, Superannuation
This article discusses how a reversionary pension is treated for transfer balance cap purposes. A reversionary pension is a pension income stream that automatically reverts to another individual upon death of the original pension member. The term original pension...
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...
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 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...