Super basics
8 steps to super success
Merely thinking about your super means you’re straddling the first major hurdle that most Australians face when planning (or not) for their retirement and looking into your future. As an employee, you have your employer helping you with your retirement [...]
DIY super
Do I pay tax on a super account in the last year of accumulation phase?
Q: On April 1 2011 I transferred from accumulation phase to pension phase (I turned 65 on March 27 2011). Is my super fund subject to tax (this tax year) on income earned up until the date of conversion or is no tax payable because the fund has been converted to allocated pension?
Retirement planning
I’m under 60. Does my super payout also affect my other income, and tax bill?
Q: I turn 55 soon and I am eligible for a super payout of $150,554 next month of which only the $554 is taxable at 16%. However I still intend to keep working and wondered how this will affect the tax payable on my super.
THE SOAPBOX
Guest contributor: How $1 million can last longer than you
My portfolio looks like heresy when measured against the orthodox modern diversified portfolio designed to manage risk, but I believe that my large asset allocation to Australian shares is actually a smart approach to ensuring the money does not run out over a 30-year retirement.
