Super and tax

Find out how your superannuation is taxed including what happens if you retire before the age of 60, 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.

Superannuation Guarantee increased to 9.5% for 2014/2015 year, then stalls for 7 years

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From 1 July 2014, the Superannuation Guarantee rate increased to 9.5% (from the 9.25% that applies for the 2013/2014 year). Based on new laws, the SG rate will remain at 9.5% for 7 years, increasing to 10% from July 2021, and eventually to 12% from July 2025 (see table below). Superannuation … [Read more...]

Super tax refund for lower-income earners available until 2016/2017 year

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NOTE: The Coalition government has extended the Low Income Super Contribution for another 4 years, as part of a parliamentary deal to secure passage of the repeal of the Mineral Resource Rent Tax. Under the new legislation, the LISC is now payable for the 2012/2013, 2013/2014, 2014/2015, 2015/2016 … [Read more...]

Great news! Seniors Health Card income thresholds increased, finally

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Effective since 20 September 2014, the income test thresholds for the Commonwealth Seniors Health Card (CSHC) have increased for the time in 13 years. The new indexed income test thresholds appear later in the article. The CSHC is available to retirees who are not eligible for the Age Pension, … [Read more...]

Superannuation tax refund: 10 things you should know

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NOTE: The Low Income Super Contribution for low-income earners is available until the 2016/2017 financial year (until 30 June 2017). Originally, the Coalition government planned to repeal the LISC after one year of operation, that is, it was expected to only apply for the 2012/103 year. Due to … [Read more...]

Low-income earners enjoy super tax reprieve for 5 years

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Note: The Coalition government has been forced to extend the Low Income Super Contribution for another 4 years, in addition to the LISC applying for the 2012/2013 year. Due to parliamentary negotiations to secure passage of the repeal of the Mineral Resource Rent Tax, the LISC is now payable for the … [Read more...]

SMSF investment: Franked dividends lose some shine from 1 July 2015

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The Liberal government has committed to reducing company tax to 28.5%, effective from 1 July 2015 (subject to legislation). If the company tax rate drops to 28.5%, so does the level of franking credits linked to Australian company dividends. The policy to cut company tax was originally linked to … [Read more...]

Accessing super early: Terminal illness

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