Q: I am 67 and work part time, so I qualify to make concessional contributions to our SMSF. I am already receiving an account based pension from my SMSF. The new contributions I make will have to go into an accumulation account. How long do I have to wait before our SMSF can pay another account … [Read more...]
Boost your super
Boost your super covers how much your employer must pay into your superannuation fund, how much you can contribute, the tax-free bonus the Government gives you, contribution strategies and everything you need to know about making personal superannuation contributions.
Boost your super also has special sections on Superannuation Guarantee (SG), Co-contributions and Salary Sacrifice
Below are some of our key Boost your super articles:
Set out below are all SuperGuide articles explaining Boost your super.
Why Australians don’t make extra super contributions
By Jun Feng, Monash University; Hazel Bateman, and Paul Gerrans, University of Western Australia Australians are increasingly relying on superannuation for their retirement income, but despite more than 20 years of compulsory super, many people are not retiring with enough. The assets under … [Read more...]
SMSF pension: Can I still make super contributions?
Q: I am 62 years of age and retired. I have recently commenced an account-based pension from my SMSF. Can I still make non-concessional contributions to that fund? A: I have divided your question into three parts. Can someone who is 62 years of age and retired, continue to make super … [Read more...]
Super funds gain 10.8% for 8 months to February 2014
The median superannuation growth fund gained 10.8% in value for the 8 months to 28 February 2014 (and returned 2.1% for the month of February) with shares and listed property driving performance, according to rating company Chant West. Performance tables for the 5 main investment options offered by … [Read more...]
One-way traffic! Moving super from NZ to Australia not happening
We have good news, and we also have some bad news, for New Zealanders who have settled permanently in Australia, and who want to transfer KiwiSaver accounts to Australian super funds. We also have very good news about the prospects of taking your Australian super with you, for those Australians who … [Read more...]
Transition-to-retirement pension (case studies): How does a TRIP work?
A transition-to-retirement pension (TRIP) enables any Australian, aged 55 or over, to access his or her superannuation benefits in the form of a pension (income stream) without retiring or satisfying an additional condition of release. Using three case studies, this article illustrates how a TRIP … [Read more...]
Transition-to-retirement pension: Can I work full-time and what form do I fill in?
Q: Your website says: “By starting a TRIP, you don’t have to retire to withdraw your super benefits. You can work part-time or full-time or even casually.” But on the TRIP form I have from my super fund it says I have to be permanently retired or be working part time. Which is correct? I can’t see … [Read more...]
TRIPs: 10 interesting facts about transition-to-retirement pensions
Note: The general concessional contributions cap is increasing to $30,000 (from $25,000), effective from 1 July 2014. The special $35,000 cap for over-60s will also apply to over-50s from 1 July 2014 (or more specifically, to anyone who is aged 49 years or over on 30 June 2014). An increase in the … [Read more...]
