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.

Same-sex couples: your super rights explained

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The Australian parliament has decided that it was not the right time to allow same sex couples to marry, and more recently we have elected a Prime Minister who has publicly stated that he feels uncomfortable around homosexuals. We have a new government with a leader who is personally against … [Read more...]

Two-way traffic! Finally, one fund helps move super from NZ to Australia

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An Australian super fund is now accepting transfers from New Zealanders hoping to transfer their KiwiSaver accounts to Australia. Let’s hope that many more super funds follow, but in the meantime, WA Super is the only Australian super fund offering this service, and it is awaiting your KiwiSaver … [Read more...]

Liberals slow down SG increase until July 2025

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Note: From 1 July 2014, the Superannuation Guarantee rate increased to 9.5% (from the 9.25% that applies for the 2013/2014 year). Due to recent changes in the law, the SG rate will remain at 9.5% for 7 years, increasing to 10% from July 2021, and eventually to 12% from July 2025. See table near end … [Read more...]

Great news! Seniors Health Card income thresholds increased, finally

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Effective since 20 September 2014, the income test thresholds for the Commonwealth Seniors Health Card (CSHC) have increased for the time in 13 years. The new indexed income test thresholds appear later in the article.The CSHC is available to retirees who are not eligible for the Age Pension, … [Read more...]

Low-income earners enjoy super tax reprieve for 5 years

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Note: The Coalition government has been forced to extend the Low Income Super Contribution for another 4 years, in addition to the LISC applying for the 2012/2013 year. Due to parliamentary negotiations to secure passage of the repeal of the Mineral Resource Rent Tax, the LISC is now payable for the … [Read more...]

Age Pension: Deemed income falls again with lower rates and higher thresholds

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If you own financial investments and receive the Age Pension, or you hope to claim the Age Pension, then you need to be aware of a recent change to the deeming thresholds for the Age Pension income test, and another relatively recent change to the deeming rates applicable to financial investments. … [Read more...]

SMSF investment: Franked dividends lose some shine from 1 July 2015

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The Liberal government has committed to reducing company tax to 28.5%, effective from 1 July 2015 (subject to legislation). If the company tax rate drops to 28.5%, so does the level of franking credits linked to Australian company dividends.The policy to cut company tax was originally linked to … [Read more...]

Age Pension: Assets test thresholds from 20 September 2014

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The UPPER asset thresholds for the Age Pension assets test increased again on 20 September 2014, which means more Australians may now be eligible for a PART Age Pension.A single person can own more than $770,000 in assets (excluding his or her home), and still receive a small PART Age Pension, … [Read more...]

Age Pension: More Australians entitled to payments since 20 September 2014

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In March, July and September of each year, the Federal Government changes the rules for claiming the Age Pension… for the better! Currently, the Age Pension income test and the Age Pension assets test are adjusted three times a year in line with increases in the Consumer Price Index.Effective … [Read more...]

Age Pension: September 2014 rates now apply

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The Age Pension rates, effective from 20 September 2014, are set out in the tables below.A single person eligible for the FULL Age Pension can expect an annual Age Pension income (including supplement, and Clean Energy Supplement) of around $22,212.A couple eligible for the full Age Pension … [Read more...]