Super and tax

Find out how your superannuation is taxed including what happens if you retire before the age of 60 – tax, the tax-free benefits on or after the age of 60, how the earnings on your super savings are taxed, how your super contributions are taxed, and the tax implications of leaving your super benefits to family or friends when you die.

You can also learn some of the popular tax-effective super strategies, including how the super tax rules affect SMSFs.

Below are some of our key Super and tax articles:

Set out below are all SuperGuide articles explaining Super and tax.

Same-sex couples: your super rights explained

Same sex super rights

Yet again, the government of the day has decided that it is not the right time to allow same sex couples to marry, notwithstanding most polls indicate a majority of Australians support this basic human right for same-sex couples. We have elected a Prime Minister who has publicly stated that he feels … [Read more...]

Salary sacrificing and super: 10 facts you should know

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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

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We receive many questions about the concessional contributions caps. Throughout 2015 and into 2016, 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...]

Double contributions tax for high-income earners

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Anyone with an adjusted taxable income of more than $300,000 (including rental property losses and other items) now pays 30% tax on concessional contributions paid into a super fund, doubling the super contributions tax bill for high-income earners. The regular contributions tax is a flat rate of … [Read more...]

Contributing to your spouse’s super account

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Q: My wife and I have established an SMSF. I’m fully employed while my wife has not been working since July, and she is unlikely to return to work before the end of this financial year. My question concerns maximising tax strategies for this year. Can I contribute on her behalf in after-tax dollars … [Read more...]

Accessing super early: Terminal illness

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Q: I have a terminal illness. Can I access my super benefits now? A: I’m sorry to read about your illness. For the past few years, the superannuation rules now recognise that super benefits can be accessed early under such devastating circumstances. For your information, ‘terminal illness’ for … [Read more...]

Accessing super early: Australian citizen retiring overseas

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Q: I’m a Filipino-Australian citizen, 45 years old and working for the past 15 years in Australia. I would like to retire to the Philippines at 60 years of age. At that age, I plan to buy an income stream from my super lump sum. Am I allowed to receive my income stream monthly payment in the … [Read more...]

Accessing super early: Terminally ill receive tax break

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Individuals with a terminal medical condition are able to access their super lump sum payments tax-free, regardless of age. A super fund can release super benefits early to a fund member, if the fund member has a terminal medical condition. According to the legislation, a terminal medical … [Read more...]

Accessing super early: Temporary resident of Australia

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Q: My husband and I are getting ready to return home (USA) after living & working in Perth for the past 2 years. We came to WA on a 457 visa. My husband has a super fund & we were wondering if we can leave the money in his super until he turns 60. My husband was born in September of 1960, … [Read more...]