Super Guide for your 70s and over

When you turn 70, your employer is still required to make compulsory Superannuation Guarantee contributions to your super account, although from the age of 75 you will not be able to make voluntary personal super contributions.

Set out below are all SuperGuide articles explaining Super Guide for your 70s and over.

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...]

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

Q: My wife (age 63) and myself (age 65) were told by a financial 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 income through … [Read more...]

Age Pension: Does my superannuation lump sum count for income test?

Q: I’m over 65 and a member of a super fund, from which I receive an account-based pension. I need to withdraw a lump sum of $40,000 from my super, as my super is not enough to live on. I will have to apply for a part pension (Age) from Centrelink. Will my lump sum be counted as income in the … [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...]

Do you fit the latest profile of a ‘typical’ SMSF trustee?

Note: We regularly update this article with the latest data on self-managed superannuation funds (SMSFs) issued by the Australian Taxation Office. This article contains the latest data available as at March 2016 (for data up to December 2015).The latest ATO statistics on SMSFs (representing SMSF … [Read more...]