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...
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 4, 2018 | Blog, Centrelink, Retirement Income Streams, Superannuation
The defined benefit pension Centrelink asset test is based upon the capital value of the income stream. The nature of defined benefit pension income streams is that they do not have a capital value. If you refer to your defined benefit income stream schedule for...
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 12, 2018 | Accessing Superannuation, Blog, Centrelink, Retirement Income Streams, Superannuation
The partial commutation of an account based pension is where a portion of the capital value of the pension is withdrawn or rolled back to superannuation accumulation phase or withdrawn from super entirely. Partial commutations of account based pensions are usually...
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...
Mar 13, 2017 | Blog, Retirement Income Streams, Superannuation, Superannuation Tax
Calculating the notional earnings in relation to the Transfer Balance Cap is important in determining the amount that will need to be removed from retirement/pension phase of superannuation as a result of exceeding the Transfer Balance Cap under the new superannuation...