Making superannuation contributions

Superannuation contributions (including personal contributions and employer contributions) are a cash amount, or in some cases an asset, that is contributed to a complying superannuation fund, on behalf of an individual under the age of 75.

Super contributions and earnings on those contributions are the key to accumulating a substantial retirement nest egg. Find out how you can make concessional (before-tax) contributions, non-concessional (after-tax) contributions, receive co-contributions and more. As a starting point you may want to consider reading the following SuperGuide articles:

 

Set out below are all SuperGuide articles explaining Making superannuation contributions.

What are the super and retirement rules for over-65s?

Q: My wife (age 63) and myself (age 65) were told by a financial organisation that at 65 or over I could put money into super, pay 15% tax on the way in, and then draw it out when I wished and pay no tax. In fact I have been told to pay myself $30,000 or less and source the rest of my income through … [Read more...]

Naughty employers: SG has a tail with a nasty sting

Every week, I receive emails from readers who discover that their employer has failed to pay compulsory employer super contributions (Superannuation Guarantee). Usually, the recalcitrant employer has shut up shop and disappeared, or started a new business somewhere else.What happens to the … [Read more...]

Property and super: What’s the deal? (15 popular Q & As)

We receive many questions from readers about investing in property using super money. Questions range from: ‘Can I withdraw my super to buy a house to live in?’, right through to ‘How can I use my super fund to borrow money to invest in property?’.For the convenience of our 2 million readers, I … [Read more...]

SMSF basics: Can my DIY super fund buy my residential investment property?

Q: I own a residential unit as an investment property as a personal investment. I would like to keep this unit as long as possible. The unit is a safe income stream and a safe haven against market uncertainty. However, if I have to sell it later, I won’t be able to put the money into my SMSF because … [Read more...]

SAPTO: Cutting seniors tax via super contributions not possible

Q: I am attempting to work out when the 32.5% tax rate applies to both my wife and my own incomes for the 2015/2016 year. We are both 67 and operate a SMSF to which we can make concessional contributions, and I would like to reduce personal income to the point below which 32.5% tax rate … [Read more...]

A 10-step action plan for your SMSF

Any Australian who accumulates enough superannuation to justify the cost of setting up and running a self-managed super fund is progressing well with their retirement plans. Looking after your own retirement needs, by using a SMSF, is certainly an empowering move, but such a decision also comes with … [Read more...]

Super alert: Have you counted your super contributions lately?

Note: This article outlines the super contribution rules, and also provides a list of helpful articles that explain how the two types of contributions caps work, and the general contribution rules.You can make two types of super contributions: concessional (before-tax) contributions and … [Read more...]

Excess contributions tax: The most ridiculous super policy ever?

Note: This article outlines the disastrous outcomes that can result when a tax policy is not properly considered, and not properly implemented. The excess contributions rules are now a lot fairer than in the past, and a lot fairer than what is discussed in this article. For the latest excess … [Read more...]

Excess contributions rules: A quick summary

If you plan to make superannuation contributions to a super fund, you need to be mindful of the contributions caps for both concessional (before tax) contributions and for non-concessional contributions. You also need to understand the financial (or other) consequences of exceeding those … [Read more...]

Super concessional (before-tax) contributions: 2015/2016 survival guide

This article explains all of the important rules that apply to concessional (before-tax) super contributions.Superannuation contributions can be divided into two types — concessional (before-tax) and non-concessional (after-tax). Each type of super contribution is subject to a contributions cap. … [Read more...]