Superannuation Q and As

Trish Power (author of Superannuation for Dummies and DIY Super for Dummies) answers readers’ questions on super.

Set out below are all SuperGuide articles explaining Superannuation Q and As.

Super for beginners, part 11: Is my super fund good enough?   Super Guide

Q: I have my super with a major financial organisation. I’m wondering, are they a good company to be dealing with? I feel that their fees are a bit high: based on an investment amount of $300,000 the MER amount is $6,600 (2.2%) plus a monthly admin fee of $8.44. What are your thoughts on this matter?

Q: Where do I go to find a calculator that helps me work out how much co-contribution I will be entitled to, and how much super I need to contribute to get that co-contribution?

Higher concessional contributions cap applies to over 50s from July 2014   Super Guide

Q: Do you need to be 60 at July 1 or could you turn 60 any time in 2013/2014 to take advantage of the new $35,000 cap?

Age Pension: Assets test thresholds rise 1 July 2014   Super Guide

An eligible individual must satisfy the Age Pension income test, and the Age Pension assets test to receive a full, or part, Age Pension.

Tax deductible super contributions: Meeting the 10% income test   Super Guide

Q: I work for myself but I also have a part-time job. I have been told that even though I receive SG from my part-time employer, I can also make tax-deductible super contributions. Is that true? And if it is true, how does it work?

Superannuation Guarantee: Many Aussies to miss out on SG increase   Super Guide

You can expect some difficult conversations between employers and employees in coming months as some salaried employees discover that the Superannuation Guarantee (SG) increase of 0.25% (taking the SG rate to 9.5%) will not benefit those employees on fixed remuneration packages.

Super for beginners, part 23: My pay changes every week. Am I paid the right super?   Super Guide

Q: How can I tell if my husband is being paid the correct amount of super into his fund by his employer. He is a truck driver and his wage varies from week to week.

Super for beginners, part 2: My first job   Super Guide

Question: I am 16 years of age. I still go to school but I have just started my first part-time job. Do I get any superannuation? And if I do, where does it go?

Superannuation Guarantee: What is the maximum SG employers must pay?   Super Guide

Can you please confirm what the maximum SG contribution is allowed to be for the 2014/2015 year, based on $270,000?

Managing capital gains tax with super contributions   Super Guide

Q: I am about to make a capital gain of about $200,000 on an investment property I have owned for several years. My marginal tax rate is 32.5% and I am an employee, and 43 years old.