Budget 2009/2010 snapshot for super savers and retirees
Superannuation Concessional contribution cap cut to $25,000 from July 2009 Government co-contribution cut to $1000 from July 2009 ‘Lost’ account balances of less than $200 to be transferred to the ATO Superannuation pensions Gross tax-free superannuation income NOT be counted [...]
No pension relief for early birds
Q: I wonder if you have any more information on the Government’s recent changes to the minimum drawing requirements (see ‘Relief in hard times for retirees’)? I understand that in January, the Government halved the rate at which a pension [...]
Relief in hard times for retirees
Note: The pension relief explained below now also applies for the 2009/10 year. You can find more information on the 2009/10 pension relief in the article Pension drawdown relief extended for 2009/10 year. The Federal Government has announced temporary relief [...]
How do I transfer a UK pension to an Australia super fund?
You will need to check that your fund is a Qualifying Recognised Overseas Pension Scheme (or QROPS), or alternatively change to a fund that is a QROPS.
