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...
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....
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...
Jan 9, 2019 | Blog, Contributing to Super, Retirement Income Streams, SMSF, Superannuation, Superannuation Tax
This is an example of what superannuation is and the superannuation rules. To provide you with an example of superannuation, it is important to first understand why superannuation exists. First and foremost, superannuation is a place that you invest your savings. The...
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...
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...
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...