Super basics
Does Trish Power offer personal financial planning advice?
Q: I have met many financial planners including 3 independent ones, but they don’t seem to know much and all said different things. They don’t seem to show interest and care for my retirement.
Boost your super
Non-concessional contributions at 64
Q: My wife turns 65 in early June 2011 . Can I make a spouse contribution of up to $450,000 before her birthday? Her last non-concessional contribution of $157,711 was made in 2007-08.
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
SG to be paid for over-70s from July 2013
SuperGuide is proud to announce that our regular reporting of unfair treatment of older workers has contributed to a win for Australians choosing to work into their seventies and even into their eighties.
