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 super you need 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.

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

The May 2016 Federal Budget was released on 3 May 2016, rather than its usual date of 10 May 2016. Linked to the Budget night change, Prime Minister Malcolm Turnbull has confirmed the federal election is highly likely to be held on 2 July 2016 (since the Senate hasn’t done what the federal … [Read more...]

Super tax refund for lower-income earners to extend beyond June 2017

In a welcome backflip, as part of its 2016 Federal Budget release on 3 May 2016, the Coalition government has announced it will extend the Low Income Super Contribution (LISC) beyond its legislated expiry date of June 2017. The only change is that it will be renamed as the Low Income Superannuation … [Read more...]

Transition-to-retirement pensions: Will TRIPs stay, or will they go?

On 3 May 2016, in the 2016 Federal Budget, the Liberal government announced that, from 1 July 2017, it intends to remove the tax exemption on pension fund earnings financing a transition-to-retirement pension (TRIP).If the Liberal government is successful at the July 2016 Federal Election, then … [Read more...]

Super stinker: Immediate cut to non-concessional contributions caps

On 3 May 2016, as part of the 2016 Federal Budget, Scott Morrison mucked up the retirement planning of countless Australians when he immediately cut the non-concessional (after-tax) contributions cap, taking effect from 7.30pm on 3 May 2016.The Coalition government has introduced a $500,000 … [Read more...]

Investment performance: We’re the best super fund. No, we’re the best…

Note: Every 6 months, we update this article with the latest performance data on superannuation funds and pension funds, released by 3 rating agencies. This article contains the investment results for the best performing super funds up to 31 December 2015. For performance data relating to later … [Read more...]

Super funds up 1.8% for March, but in red for 2015/2016 year?

The median superannuation growth fund gained 1.8% in value for the month of March 2016, but lost 1.1% for the 3 months to March 2016, and gained a meagre 0.1% in value over the financial year to date (9 months to March 2016), according to superannuation ratings agency, Chant West.The 1.8% gain … [Read more...]

Repay debts with super: then claim Age Pension

Q: I have read about the changes to the Age Pension assets test taking effect from January 2017. My question is, can I pay my superannuation into my mortgage, live off my private savings and then receive the Age Pension when I turn 65? My age pension age is 65, because I was born in June 1952.A: … [Read more...]

Women and super: A worry-free financial future is possible

Before I wrote Super Freedom: A woman’s guide to superannuation, I had often discussed the need for a practical non-technical book for women on superannuation. The first question I was asked when I told some female friends that I was writing a book for women on superannuation and retirement was: … [Read more...]