Superannuation News

Read our News section if you want to find out the latest developments and recent changes in super. If you haven’t already subscribed, why not consider subscribing to our free, monthly SuperGuide email newsletter which includes the latest important news on super, easy-to-understand explanations on how different super rules works, Q&As and plenty of super tips.
Below are some of our key News articles:

Set out below are all SuperGuide articles explaining Superannuation News.

Tax-free super for over-60s, except for some

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If you withdraw your super benefits after you turn 60 years of age, you can expect to pay no tax on those super benefits, unless you are a member of certain public sector super funds (see summary table at the end of this article). Due to the number of emails I have received about this topic, I’ll … [Read more...]

Cormann presses “pause” on FoFA changes after public pushback

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The government has temporarily put on hold its highly controversial dilution of consumer protections in the financial advice laws while it consults with stakeholders. The announcement by Finance Minister Mathias Cormann comes after he took carriage of the changes to Labor’s Future of Financial … [Read more...]

MySuper: 117 super funds and counting…

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Note: This article provides a complete list of official, authorised MySuper products. This list will be updated regularly as new MySuper products are authorised by the Australian Prudential Regulation Authority (APRA). This article last updated on 19 March 2014. From 1 July 2013, super funds can … [Read more...]

One-way traffic! Moving super from NZ to Australia not happening

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We have good news, and we also have some bad news, for New Zealanders who have settled permanently in Australia, and who want to transfer KiwiSaver accounts to Australian super funds. We also have very good news about the prospects of taking your Australian super with you, for those Australians who … [Read more...]

It’s official! More changes to SMSF rules from July 2014

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In March 2014, the Australian parliament finally gave the nod to a suite of penalties directed at SMSF trustees who fail to properly adhere to the super rules. According to the explanatory memorandum that accompanies the new legislation, the new SMSF penalties, taking effect from 1 July 2014 will … [Read more...]

Age Pension: March 2014 rates now available

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The new Age Pension rates, taking effect from 20 March 2014 are set out in the tables below. A single person eligible for the full Age Pension can now expect an annual Age Pension income (including supplement, and Clean Energy Supplement) of around $21,913. A couple eligible for the full Age … [Read more...]

Age Pension: Assets test thresholds rise 20 March 2014

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The UPPER asset thresholds for the Age Pension assets test lift again on 20 March 2014, which means more Australians may now be eligible for the PART Age Pension. A single person can own more than $755,000 in assets (excluding his or her home), and still receive a small PART Age Pension, while a … [Read more...]