Adjusted taxable income is a special term to test an individual’s eligibility, based on income, for certain Government benefits, such as Family Tax Benefit, and Commonwealth Seniors Health Card.
The following articles refer to Adjusted taxable income and superannuation.
Q: Apart from a Public Sector PSS Super account, I have a superannuation account with AGEST to which contributions were made solely through salary sacrifice arrangements. I am about to retire from the Public Sector (age 60) and I am able to draw down a lump sum from AGEST which [...]
Q: Can you please confirm whether the assets held in a self-managed super fund (SMSF) count towards the Centrelink asset test/income test?
Trish’s response: I can provide you with an overview of how superannuation benefits are treated by Centrelink, although you’ll need to check with Centrelink about your personal situation, and how your super benefits are [...]
Q: I was wondering what you know about salary sacrifice super being included in FTB family income calculations from 1 July 2009 onwards? This was indicated as a new measure in the 2008 budget but I’m having trouble locating confirmation of this for our 09/10 planning.
Trish’s response: Yes, from 1 July [...]
I don’t normally suggest ‘easy money’ strategies. I’m often sceptical about the motives of the individuals suggesting such strategies, which means I don’t like being boxed in that same category. In this instance however, I am going to explain a Government-backed strategy that means, if you’re eligible, you’re four steps [...]
Hi - I'm Trish Power and I am the author of Superannuation For Dummies and many other books on super and investing.And guess what! This site, SuperGuide, is the only INDEPENDENT website for consumers on superannuation in Australia. Read more