How super works

This section covers the most popular questions on how superannuation works, including how to find lost super, how super works, how much money is enough, and simple step-by-step superannuation guides.


Below are some of our key How super works articles:

Set out below are all SuperGuide articles explaining How super works.

Age Pension: Assets test thresholds from 20 September 2014

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The UPPER asset thresholds for the Age Pension assets test increased again on 20 September 2014, which means more Australians may now be eligible for a PART Age Pension. A single person can own more than $770,000 in assets (excluding his or her home), and still receive a small PART Age Pension, … [Read more...]

Age Pension: More Australians entitled to payments since 20 September 2014

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In March, July and September of each year, the Federal Government changes the rules for claiming the Age Pension… for the better! Currently, the Age Pension income test and the Age Pension assets test are adjusted three times a year in line with increases in the Consumer Price Index. Effective … [Read more...]

Age Pension: Income test thresholds from 20 September 2014

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The UPPER income thresholds for the Age Pension income test increased again on 20 September 2014, which means more Australians are now eligible for a PART Age Pension. A single person can earn just under $49,000 a year, and still receive a PART Age Pension, while a couple can earn just over … [Read more...]

Age Pension: September 2014 rates now apply

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The Age Pension rates, effective from 20 September 2014, are set out in the tables below. A single person eligible for the FULL Age Pension can expect an annual Age Pension income (including supplement, and Clean Energy Supplement) of around $22,212. A couple eligible for the full Age Pension … [Read more...]

Putting a real cost on delaying the super guarantee rise

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By Roger Wilkins, University of Melbourne and Carsten Murawski, University of Melbourne The Abbott government’s deal with the Palmer United Party to freeze the minimum superannuation contribution rate at 9.5% until 2021 will not only cost retirees, it will also see future governments forced to … [Read more...]

Financial advice: Only 42 independent financial advisers in Australia

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Note: This article is updated regularly when new financial advisers join the independence club (latest update September 2014). A financial adviser does not have to be a member of the IFAAA to join the SuperGuide list, provided they can declare that they satisfy the requirements of being an … [Read more...]

Are you eligible for a Commonwealth Seniors Health Card?

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IMPORTANT: The government has indexed the income test thresholds for the CSHC, effective from September 2014. The income test thresholds will be now indexed annually from September of each year. WARNING: From 1 January 2015, new applicants for CSHC will need to include superannuation pension … [Read more...]

Superannuation Guarantee increased to 9.5% for 2014/2015 year, then stalls for 7 years

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From 1 July 2014, the Superannuation Guarantee rate increased to 9.5% (from the 9.25% that applies for the 2013/2014 year). Based on advanced legislation currently before parliament, the SG rate will remain at 9.5% for 7 years, increasing to 10% from July 2021, and eventually to 12% from July 2025 … [Read more...]

Super tax refund for lower-income earners continues for 4 more years, then axed

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SUPERGUIDE ALERT: The Coalition government is repealing the Low Income Super Contribution: due to parliamentary negotiations to secure passage of the repeal of the Mineral Resource Rent Tax, the government has extended the LISC for 4 more years. Under the legislation likely to be passed by … [Read more...]

Accessing super early: 14 legal reasons to cash your super

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Many Australians are facing hard times, especially with structural change transforming our economy. The harsh reality is that mortgage repayments and everyday living expenses continue even when you when suffer redundancy, illness or other forms of misfortune. We receive hundreds of emails from … [Read more...]