Superannuation strategies

Set out below are all SuperGuide articles explaining Superannuation strategies.

Super health check for beginners: 10 tips for your 2014/2015 retirement planning

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Note: This article is current for the 2014/2015 financial year. Near the start of each financial year, SuperGuide publishes an updated super checklist for beginner readers. More advanced checklists will follow in coming months. Use this list as a kick-start for your 2014/2015 super resolutions. … [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...]

Estate planning: Beware the dastardly death tax

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Although superannuation death benefits are tax-free when paid to individuals considered ‘dependants under the tax laws, a ‘death tax’ continues to apply when super monies are paid to individuals considered ‘non-dependants’ under the tax laws’. Any of your children aged 18 or over, who can’t prove … [Read more...]

Temporary concessional contributions cap expanded to 50-somethings from July 2014

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In July 2013, the federal government introduced a temporary concessional contributions cap of $35,000 for over-60s which has been expanded to 50-somethings from July 2014. Anyone in this age group may consider revisiting their superannuation contributions strategies in light of the higher … [Read more...]

Super contributions: How much co-contribution will I get?

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? I am also looking for something that shows the sliding scale for different income levels and different super … [Read more...]

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

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Q: Do you need to be aged 50 at July 1, 2014, or could you turn 50 any time in 2014/2015 to take advantage of the $35,000 concessional cap? A: For the benefit of other readers, I will first explain the background to the over-50s cap. On 5 April 2013, the federal government announced that it will … [Read more...]

Cashing in on the co-contribution rules (2014/2015 year)

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Note: The co-contribution rules for the 2014/2015 year (and for the 2013/2014 and 2012/2013 years) are very different from the co-contribution rules applicable for the 2011/2012 year. For your reference and convenience, we have retained the co-contribution rules for these previous years, at the end … [Read more...]

Super concessional contributions: 2014/2015 survival guide

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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. A contributions cap sets a limit on the amount of contributions you can make in any one year. If you exceed … [Read more...]

Your 2014/2015 guide to non-concessional (after-tax) contributions

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Non-concessional superannuation contributions are more popularly known as after-tax contributions. You may even hear them called ‘undeducted’ contributions. Such super contributions are subject to a contributions cap, which sets a limit on the amount of non-concessional (after-tax) contributions … [Read more...]

For over-65s: Ten super tips when making contributions

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You can make voluntary superannuation contributions up to the age of 74, and these can be concessional (before-tax) or non-concessional (after-tax) contributions. If you’re aged 65 or over, then you must satisfy a work test if you intend to make super contributions. Anyone under the age of 65 can … [Read more...]