If I have super will I also get the Age Pension? [Article]
This is a frequently asked question. You have paid tax on your income and feel justified in receiving the age pension when you retire.
As at 20 September 2011 the full age pension is $689 a
- Do I choose a lump sum or a pension, and what about taxes? [Article]
Choosing a lump sum or pension is very much an individual choice.
Many people will withdraw some m...eople will withdraw some money as a lump sum from super to repay debt or undertake capital expenditu...
- How will my expenses change during retirement assuming I’ve paid off my mortgage... [Article]
You may spend less on:
transport costs to and from work
work-related expenses eg. clothing and bought lunches
food and utilities as dependents move out
- What are the tax limits on super contributions? [Article]
Super is a tax effective way to save for retirement. Consider your options.
Some quick tax facts*...
Some quick tax facts*
Contributions made to super out of after-tax income are capped at $150,0...
- How much can I contribute to super? [Article]
This depends on your age and whether the contributions to your super fund attract tax concessions o...
- Is there a limit on the amount that can be salary sacrificed to superannuation? [Article]
Some employers are unenthusiastic about packaging salaries for employees covered by an award if it would result in income payments dropping below the award rate (it may be possible to negotiate a Work...
- Should I sacrifice salary into super? [Article]
...ges as a form of saving if your marginal tax rate is above the super contributions tax rate of 15 pe...
- What is a Government Co-contribution? [Article]
...Members who make after-tax contributions to their super account may be eligible to receive a payment...yment from the Government into their super, which is called a Government Co-contribution. Af
- Should I roll my ETP to superannuation if it meets the transitional arrangements... [Article]
Generally the answer to this question from a tax perspective is yes, because you may be able to redu...lity. However, funds may then become preserved in superannuation and unable t
- What is a Term Certain or Lifetime annuity? [Article]
An annuity is simply an investment that gives you a regular payment over a specified term. The annuity term can be for your lifetime, or for a specified number of years. If, when you die, the amount p...
- If I face financial hardship can I access my superannuation? [Article]
...nment has strict rules that govern the release of superannuation money on the basis of financial har...
- How does super become 'lost'? [Article]
...s, had more than one job at a time, moved house or changed your name, and you forgot to notify your super fund. Super
- How can I contribute to my super account? [Article]
...tions are available to make contributions to your superannuation account. You can draw a cheque and ...fice for processing. You also have the option of visiting you
- Can I hold all of my personal insurance within super? [Article]
At this time, you are only able to take out Life, Total and Permanent Disability, and Total Salary ...Salary Continuance/Income Protection cover within superannuation. Whilst these types of cover are su...
- Do I have to pay tax on my superannuation benefits once I reach preservation age... [Article]
The current preservation age is 55 (for those born before 01/07/1960) and moving to age 60 (for thos...o age 60 (for those born after 01/07/1964). Your superannuation benefits will most likely contain a...
- Why should I be concerned about super fees? [Article]
Fees affect your super in two ways:
They directly reduce the amount of super in your account.
They reduce future earnings on your super account.
- What’s the difference between a binding and a non-binding nomination? [Article]
Most superannuation funds let you nominate who you want your death benefit paid to, either as a 'non-binding' or 'binding' nomination. A 'non-binding nomination' just guides the trustee, who
- What happens to my super if I die? [Article]
...life insurance benefit – the amount payable is typically your accumulated super savings plus i...
- Can I leave my super pension to anyone? [Article]
...ner may commence a pension with a ‘reversionary’ pensioner (normally a spouse). Under this scenario if the primary pensioner passes away the pension then automatically ‘rev
- How much life insurance should I have through my super account? [Article]
There is no magic formula. It depends on your individual situation.
The amount of cover you will need depends on whether you are the main income earner, how much debt you have and the level
