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.

Accessing super: What is my preservation age?

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We receive hundreds of questions each year asking when you can retire under the superannuation rules, and any special conditions you need to meet before you can take your super benefits. The key concept that every Australian needs to be aware of in terms of superannuation, and accessing super … [Read more...]

Accessing super: Preservation age now 56 years (since July 2015)

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Turning 55, retiring and accessing your super is now a retirement planning strategy from the past. Since 1 July 2015, Australians turning 55 will have to wait at least another year before they can access super benefits. Anyone born on or after 1 July 1960 needs to push from their mind that the age … [Read more...]

Cashing in on the co-contribution rules (2015/2016 year)

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Note: This article explains the co-contribution rules for the 2015/2016 year (and later in the article, also for the 2014/2015, 2013/2014, 2012/2013 and 2011/2012 years). The federal government is giving away money to anyone who makes a non-concessional (after-tax) contribution to their super … [Read more...]

Your 2015/2016 guide to non-concessional (after-tax) contributions

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Non-concessional superannuation contributions are more popularly known as after-tax contributions. You may even hear them called ‘undeducted’ contributions. Such super contributions are subject to a contributions cap, which sets a limit on the amount of non-concessional (after-tax) contributions … [Read more...]

Age Pension: March 2015 rates now apply

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Note: This article explains the latest Age Pension rates, applicable until 19 September 2015. The Age Pension rates are indexed twice-yearly, with the next adjustment taking effect from 20 September 2015. If you are seeking information on the changes to the Age Pension assets test rules announced in … [Read more...]

Transition-to-retirement pension: Can I work full-time and what form do I fill in?

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Q: Your website says: “By starting a TRIP, you don’t have to retire to withdraw your super benefits. You can work part-time or full-time or even casually.” But on the TRIP form I have from my super fund it says I have to be permanently retired or be working part time. Which is correct? I can’t see … [Read more...]

Superannuation Guarantee remains at 9.5% for 2015/2016 year

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The Superannuation Guarantee rate remains at 9.5% for the 2015/2016 financial year, and stalls at this rate for another 6 years. The Superannuation Guarantee rate first increased to 9.5% from 1 July 2014 (the 2014/2015 year). Based on revised laws, the SG rate will remain at 9.5% for another 6 … [Read more...]

Bring-forward rule: 10 facts you should know

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I receive a lot of questions from readers seeking information about how the non-concessional (after-tax) rules work; in particular, how the bring-forward rules works. The bring-forward rule works over a 3-year period so it is very important that you keep track of the size and timing of any … [Read more...]

Superannuation Guarantee: 10 facts about your SG entitlements

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Note: Since 1 July 2014, the Superannuation Guarantee rate increased to 9.5% (from the 9.25% that applied for the 2013/2014 year). The SG rate now remains at 9.5% for another 6 years, increasing to 10% from July 2021, and eventually to 12% from July 2025. If you work as an employee, and you … [Read more...]

Super contributions: Turning 65 part-way through the year

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Q: I turn 65 in January 2016. So I will be 64 years of age for a large part of the 2015/2016 financial year, but of course I turn 65 during the 2015/2016 financial year, that is, in January 2016. My understanding is that because I will be under 65 for part of the 2015/2016 financial year then I can … [Read more...]