Super tax refund for lower-income earners starts July 2012
If you earn less than $37,000 a year, and your employer makes concessional (before-tax) superannuation contributions on your behalf, then you can expect a refund of the contributions tax deducted from your super account.
Superannuation Guarantee set to jump 33%
The good news is that the proposed gradual increase in SG entitlements, to 9.25% from July 2013, and to 12% from July 2019, has advanced through federal parliament.
SG to be paid for over-70s from July 2013
SuperGuide is proud to announce that our regular reporting of unfair treatment of older workers has contributed to a win for Australians choosing to work into their seventies and even into their eighties.
Super contributions: What’s going on with the over-50s concessional cap?
I have received dozens of emails asking for clarification about the over-50s concessional cap, including who will be eligible for the $50,000 cap from July 2012, and how the $500,000 account balance threshold will be implemented.
Super contributions: Over-50s concessional cap (10 Q&As)
In this article, you can find the answers to 10 of the most popular questions received by readers on the concessional cap for over-50s.
Contributions cap for over-50s to be ‘indexed’… if that’s what you call it.
Yet again the Government has taken the opportunity to announce another ‘not quite right’ policy in relation to superannuation, as part of the 2011 Federal Budget.
Labor’s gone long term on super
The Australian Labor Party’s superannuation and retirement policies are reasonably well-known.
Permanent contributions cap for over-50s: what are the proposed rules?
Q: Thank you for your newsletter. I always enjoy reading it, and find it very informative. I am single and 56 years old and hope to retire at age 60. I currently salary sacrifice the maximum of $50,000 into super, (this includes the 9% super guarantee from my employer).
THE SOAPBOX: Sneaky sneaky – no indexation in co-contribution income threshold for 2 years
Although superannuation savers have generally done well from the Federal Government’s Henry Tax Review announcements, and the May 2010 Budget, hidden away in the detail of the Budget announcements is a shocker.
Over-50s contributions cap of $50,000 now permanent, for some
I have some more good super news for super savers from the Government’s response to the Henry Tax Review. Australians aged 50 or over retain the $50,000 cap for concessional (before-tax) contributions, subject to satisfying certain conditions.
Superannuation Guarantee now fairer to older workers
In the recent past, SuperGuide has made a lot noise about the inequity of the SG rules for older workers. When you choose to work beyond the age of 69 you miss out on Superannuation Guarantee (SG) contributions. In other words, by working longer, older workers effectively took a pay cut.
