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.

The short story on super contributions limits (2014/2015)

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You can make two types of superannuation contributions – concessional and non-concessional – and each type of contribution has a separate limit. Concessional contributions Before-tax contributions, such as compulsory Superannuation Guarantee contributions, salary sacrificed contributions and … [Read more...]

Australian income tax rates for the 2014/2015 year (and for 2013/2014 year)

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Note: For your convenience we have included the latest income tax rates, and also the income tax rates for the three previous financial years. The tax rates applicable for the 2014/2015 year and future years are set out in the tables below. We have also included the tax rates for the 2013/2014, … [Read more...]

For over-65s: Ten super tips when making contributions

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You can make voluntary superannuation contributions up to the age of 74 (that is, before you turn 75), and these can be concessional (before-tax) or non-concessional (after-tax) contributions. If you’re aged 65 or over, then you must satisfy a work test, if you intend to make super contributions. … [Read more...]

2015 Intergenerational Report: 30 interesting facts

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In March 2015, the federal government released the 2015 Intergenerational Report (IGR). The IGR provides projections on key economic data; namely population growth, workforce participation and productivity. Contained within the report are interesting facts about how long we can expect to live, … [Read more...]

Age Pension: March 2015 rates now apply

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The Age Pension rates, effective from 20 March 2015, are set out in the tables below. A single person eligible for the FULL Age Pension can expect an annual Age Pension income (including Pension Supplement and Clean Energy Supplement) of around $22,365. A couple eligible for the FULL Age … [Read more...]

Age Pension: Assets test thresholds from 20 March 2015

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The UPPER asset thresholds for the Age Pension assets test increased again on 20 March 2015, which means more Australians may now be eligible for a PART Age Pension. A single person can own more than $775,000 in assets (excluding his or her home), and still receive a small PART Age Pension, while … [Read more...]

Age Pension: Income test thresholds from 20 March 2015

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The UPPER income thresholds for the Age Pension income test increased again on 20 March 2015, 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 $74,800 a … [Read more...]

Life expectancy: Will you outlive your retirement savings?

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The Liberal government has previously flagged that it will be actively encouraging innovative retirement products to ensure Australians have options to “better manage the financial risks they face in retirement, such as market risk, inflation risk and the risk that they may outlive their retirement … [Read more...]

Super funds deliver 3.1% for February 2015

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The median superannuation growth fund gained a massive 3.1% for the month of February 2015, and 10.5% for the eight months to February 2015. For the 12 months to February 2015, growth super funds are sitting on a 12.5% return, according to rating company, Chant West. Performance tables to 28 … [Read more...]