Superannuation strategies

Set out below are all SuperGuide articles explaining Superannuation strategies.

2016 Federal Election: What superannuation and retirement policies can you expect?

The May 2016 Federal Budget was released on 3 May 2016, rather than its usual date of 10 May 2016. Linked to the Budget night change, Prime Minister Malcolm Turnbull has confirmed the federal election is highly likely to be held on 2 July 2016 (since the Senate hasn’t done what the federal … [Read more...]

Temporary Budget Repair Levy: More income tax for high-income earners until June 2017

Note: In the 2016 Federal Budget, the Coalition confirmed it would cease the TBRL as legislated, but the ALP has announced that it would re-introduce the levy if it won the 2016 Federal Election on 2 July. Previously, in rare bipartisanship, the ALP supported the Coalition’s decision to temporarily … [Read more...]

Super contributions caps for the 2015/2016 year

The superannuation contributions caps for concessional (before tax) and non-concessional (after tax) contributions will not increase for the 2015/2016 year. The contributions caps applicable for the 2015/2016 year, will be the same limits in place for the 2014/2015 year. Concessional … [Read more...]

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...]

Revisited: Is property a good investment for your SMSF?

In the past few months, we have received a higher-than-normal number of emails seeking information about investing in property via an SMSF. In response to this upturn in interest, I have revisited the question, is property a good investment for your SMSF?Previously, I have written that I have … [Read more...]

Gender gap on super boards: Large funds perform poorly

During February 2016, the Australian Prudential Regulation Authority (APRA) released comprehensive statistics on the 200 (or so) largest super funds in Australia.One of the more interesting discoveries from slicing and dicing the statistics, is that the largest 20 super funds control nearly … [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: Happy ending to a super horror story

Note: This article contains good news for those worried about exceeding the super contributions caps. The excess contributions rules are now a lot fairer than in the past. This article also explains the unfair rules that used to be in place before July 2013.You can make two types of super … [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...]