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 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...
Jul 10, 2018 | Accessing Superannuation, Blog, SMSF, Superannuation, Superannuation Tax
Making a superannuation withdrawal from an accumulation account can be done by anyone who has met a full superannuation condition of release. It is important to consider any tax implications of making a withdrawal from an accumulation account. Generally, when an...
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...
Jul 27, 2017 | Accessing Superannuation, Blog, Superannuation, Superannuation Tax
Making lump sum withdrawals from super over age 65 is easier than any other age and, in most cases, won’t incur any tax. This article discusses the superannuation rules for an over 65 year old, including accessibility to super for people over 65 and the tax...
Mar 28, 2017 | Accessing Superannuation, Blog, Retirement Income Streams, Superannuation, Superannuation Tax
The Australian superannuation retirement rules are arguably the most important part of the superannuation rules, because they determine when and how your superannuation is able to be accessed. There are a number of retirement rules relating to your superannuation...
Mar 22, 2017 | Accessing Superannuation, Blog, Superannuation, Superannuation Tax
Are you wondering when you can access your superannuation tax free? There are a number of instances when you are able to access your super tax free. It will all depend on your age and the tax components that make up your superannuation balance. The way that you access...
Mar 19, 2017 | Accessing Superannuation, Blog, Superannuation
Lump sum payments from superannuation for people over age 60 are generally favourably taxed. However, you first need to make sure that you are able to access your super before making a lump sum withdrawal from super over age 60, because being over age 60 does not, in...
Feb 4, 2017 | Accessing Superannuation, Blog, Contributing to Super, Retirement Income Streams, Superannuation, Superannuation Tax
There are a variety of taxes that apply to superannuation. These taxes apply in many different situations and at differing rates. This article attempts to provide you with a brief description of each tax and how it may apply. The main idea of superannuation is to...