May 1, 2020 | Accessing Superannuation, Blog, Retirement Income Streams, SMSF, Superannuation
This article walks you through a transition to retirement example and the transition to retirement rules. A transition to retirement pension income stream is an income stream commenced using your some or all of your superannuation savings while you are still working,...
Jun 1, 2019 | Accessing Superannuation, Blog, Retirement Income Streams, Superannuation, Superannuation Tax
Accessing superannuation requires you to meet a superannuation condition of release. Generally, this first opportunity that you have to meet a condition of release is by reaching your superannuation preservation age. The superannuation preservation age for people born...
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...
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...
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...
Sep 28, 2018 | Accessing Superannuation, Blog, Retirement Income Streams, Superannuation
This superannuation preservation age calculator allows you to help calculate your retirement age in Australia. Your superannuation preservation age is the first age that you become eligible to access your superannuation. The only time that you can have earlier access...
Jun 2, 2018 | Accessing Superannuation, Blog, Retirement Income Streams, Superannuation
Superannuation rules for over 55s is important because it signifies the first superannuation preservation age. Many superannuation rules become relevant for people over age 55, as this is the earliest age that you became eligible to access your super. If you’re...
Jul 18, 2017 | Accessing Superannuation, Blog, Retirement Income Streams, Superannuation, Superannuation Tax
An Allocated Pension income stream (also known as an account based pension) is an income stream commenced using your accumulated superannuation savings. An Allocated Pension is currently the most common form of income stream used by retirees. Here’s how it...
May 8, 2017 | Blog, Retirement Income Streams, Superannuation, Superannuation Tax
This article is all about superannuation income streams for people over age 60. It will specifically focus on account based pension (formerly allocated pension) income streams, given that these are the most common forms of superannuation income streams. An account...