How super works

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

Age Pension: More Australians entitled to payments since July 2016

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...]

2016 Federal Election update: What superannuation and retirement policies can you expect?

The 2016 Federal Election on 2 July will decide whether the Coalition’s announced super policies will go ahead, while the ALP has been unusually silent on its proposed super policies, apart from quietly reaffirming two policies, with one measure adopted by the Coalition.The May 2016 Federal … [Read more...]

Age Pension: March 2016 rates now apply (until September 2016)

Note: This article explains the latest Age Pension rates, applicable until 19 September 2016. The Age Pension rates are indexed twice-yearly, with the next adjustment taking effect from 20 September 2016. If you are seeking information on the changes to the Age Pension assets test rules taking … [Read more...]

Age Pension: Assets test thresholds applicable since July 2016

Note: This article explains the latest Age Pension assets thresholds, applicable from 1 July 2016. If you are seeking information on the latest Age Pension rates, see SuperGuide article Age Pension: March 2016 rates now apply (until September 2016). If you’re looking for information on the Age … [Read more...]

Age Pension: Income test thresholds applicable since July 2016

Note: This article explains the latest Age Pension income test thresholds, applicable from 1 July 2016. If you are seeking information on the latest Age Pension rates see SuperGuide article Age Pension: March 2016 rates now apply (until September 2016). If you’re looking for information on the Age … [Read more...]

Super funds gain 2.3% for May, and 4% for 2015/2016 year to date

The median superannuation growth fund gained 2.3% in value for the month of May 2016, and gained 5.6% for the 3 months to May 2016, although due to losses in previous months has gained 4.0% over the financial year to date (11 months to May 2016), according to superannuation ratings agency, Chant … [Read more...]

Salary sacrificing and super: 10 facts you should know

Salary sacrificing superannuation, by making before-tax super contributions, is a popular strategy for employees on middle-to-high incomes. The deal is that you increase your superannuation balance (and pay 15% contributions tax, and for those earning an adjusted taxable income of more than … [Read more...]

Concessional contributions caps: 10 facts you should know

We receive many questions about the concessional contributions caps. Throughout 2016 and into 2017, SuperGuide, as always, will regularly update readers on any proposed changes to the contributions caps (and other super changes), and the implications of such changes on super strategies.The list … [Read more...]

Age Pension: 300,000-plus Australians lose entitlements from January 2017

Note: Changes to the Age Pension assets test are now law, and will take effect from 1 January 2017. The successful passage through parliament was due to the Greens supporting the changes announced by the Liberal/NP government in the 2015 federal budget. Although the ALP opposed the changes, the ALP … [Read more...]

Super pensions: choosing an investment option in retirement

Most people think all the hard work is over once they hit retirement, but decisions still need to be made about how to invest your hard-earned super savings.Although people often choose to take their super account balance and invest it themselves during their retirement, super funds are keen to … [Read more...]