How much can I contribute to super? [Article]
This depends on your age and whether the contributions to your super fund attract tax concessions or not.
Concessional contributions
An employer, or in certain circumstances t
- I’m not working, but can I contribute to super anyway? [Article]
The simple answer is yes, provided you are under 65.
However, you can contribute to super after reaching 65, if you are under 75 and meet the work test. The test involves you working at leas
- I have reached preservation age and am still working – can I access my super? [Article]
You may be able to access your super under the Government’s Transition to Retirement (TTR) provisions. These measures encourage middle-aged and older workers to remain in the workforce, even i
- Is there a maximum annual income limit for a Transition to Retirement (TTR)? [Article]
Yes, a maximum annual income limit does apply to super income stream accounts operating under TTR provisions. The maximum is 10% of your annual account balance, until you attain age 65.
- How are super pensions taxed? [Article]
Anyone who has reached 60 and retired will pay no tax on income streams. The only exceptions are some retired public servants who receive benefits from untaxed funds.
Pensions paid from taxed funds
- What is Transition to Retirement (TTR)? [Article]
In summary, superannuation fund members who have reached the Preservation Age (currently 55 years and over) have the opportunity to continue participating in the work force and adding to their super, ...
- What are the tax benefits of a TTR? [Article]
A TTR strategy allows individuals who have reached preservation age (currently age 55) to access some of their superannuation benefits. As well as providing an opportunity to move to part
