Retirement planning

Retirement planning covers how much superannuation is enough, planning for retirement, starting an income stream, claiming the Age Pension, making contributions while receiving a pension from a super fund, estate planning and looking after your family.


Below are some of our key Retirement Planning articles:

Set out below are all SuperGuide articles explaining Retirement planning.

Nightmare on super street: Excess contributions

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Since 1 July 2013, if you exceed your concessional or non-concessional cap, the consequences are generally administrative inconvenience and a small financial charge. Before July 2013 (and this still applies for the financial years before July 2013), the consequences of exceeding one or both caps … [Read more...]

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...]

No tax in retirement because you SAPTO (updated rates)

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This article is updated annually with new rates, or periodically to highlight changes (if any) to the Seniors & Pensioners Tax Offset (SAPTO) rules. This article includes SAPTO rates for the 2014/2015, 2013/2014, and 2012/2013 years, and SATO rates for the 2011/2012, 2010/2011, 2009/2010 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...]

65 and over: making super contributions

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Q: From reading SuperGuide articles, I can see that for people between 50 and 74 years, the concessional contribution cap is $35,000 a year, and that for non-concessional contribution, the cap is $180,000. Is this $180,000 cap for NON-concessional contribution the same regardless of the age of the … [Read more...]

What are the super and retirement rules for over-65s?

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Q: My wife (age 63) and myself (age 65) have a small business. I was told by an organisation that at 65 or over I could put money into super, pay 15% tax on the way in and then draw it out when I wished and pay no tax. In fact I have been told to pay myself $30,000 or less and source the rest of my … [Read more...]

Guest contributor: Make your money live forever

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“A man’s dying is more the survivors’ affair than his own.” – Thomas Mann “The beginnings and endings of all human undertakings are untidy.” – John Galsworthy While these quotations from Mann and Galsworthy are usually correct, it doesn’t have to be that way. Surely an important part of … [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...]