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Category » Benefits of super

There were 6 articles found in this category:

• Q1 Should I sacrifice salary into super?

  Super offers considerable tax advantages as a form of saving if your marginal tax rate is above the super contributions tax rate of 15 per cent. If you are earning more income than you need at present, or are in a high marginal tax bracket, you can obtain a tax advantage by sacrificing a portio ... Read more

• Q2 What is a Government Co-contribution?

  Members who make after-tax contributions to their super account may be eligible to receive a payment from the Government into their super, which is called a Government Co-contribution. After-tax contributions are contributions that members make from money they have available after paying income ... Read more

• Q3 What do I need to consider when looking for a Financial Planner?

  A good Financial Planner will be able to answer these questions promptly and listen to any concerns that you may have: How long have you been giving formal advice and what are your qualifications? Do you get paid any commissions, or other financial benefits for recommending products or super ... Read more

• Q4 What is the effect of compounding interest on my super contributions?

  Compounding refers to the process whereby interest on earnings is applied not just to the original amount invested, but also progressively to the interest or earnings on that investment. So, if an amount invested earned 10 per cent in the first year, and the original amount, together with the 1 ... Read more

• Q5 How do I know if my super fund offers insurance?

  Insurance within a super fund provides a number of important benefits for members and forms a key part of the delivery of financial security for you and your dependants. Due to their purchasing power and economies of scale, funds are able to purchase insurance cover in the market place with pre ... Read more

• Q6 What is superannuation splitting?

  Superannuation splitting can be useful for some people by allowing them to share their super with their spouse. At the end of a financial year, super fund members can nominate part of their super contributions for that year to be paid into their spouse’s super account. The maximum amount ... Read more