Superannuation strategies

Set out below are all SuperGuide articles explaining Superannuation strategies.

Estate planning: Beware the dastardly death tax

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...]

Can you provide a list of financial adviser associations?

Q: I want to use a licensed adviser that is a member of a financial adviser association? Can you tell me what associations exist?We provide the list below with the proviso that more financial adviser associations may exist. We have sourced this information from a broader list of professional … [Read more...]

Seeking advice? Financial Advisers Register is a starting point

The task of selecting a financial adviser is often the step that stops Australians from seeking advice. How do you know a financial adviser is licensed and has the proper qualifications? The task has become slightly easier now that the financial regulator has compiled a list of all licensed … [Read more...]

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

You can make voluntary superannuation contributions up to the age of 74 (that is, before you turn 75), 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. … [Read more...]

Super contributions: Can I make a retrospective payment to my fund to reduce tax?

Q: After completing my personal tax return my accountant advised I was up for $45,000 in income tax – (I had ceased work and sold an investment property, then unexpectedly recommenced work). My question to you is: Can I now make a contribution to my SMSF to reduce the income tax payable personally, … [Read more...]

Capital gains: Reducing tax via super contributions

Q: I have a self-managed super fund (SMSF) and I also have two investment properties in my personal name. When I sell the properties, I will be required to pay capital gains tax. Can this capital gains tax be offset by a contribution to the SMSF which would be tax-deductible? Would there be a 15% … [Read more...]

KiwiSaver: Only one super fund accepts super transfers from NZ to Australia

More than two years after the super rules changed, opening the door to super transfers between New Zealand and Australia, still just one Australian super fund is accepting transfers FROM KiwiSaver accounts to Australian super accounts. Many more Aussie super funds however permit transfers of … [Read more...]

The short story on super contributions limits (2015/2016)

You can make two types of superannuation contributions – concessional and non-concessional – and each type of contribution has a separate limit. Concessional contributions Before-tax contributions, such as compulsory Superannuation Guarantee contributions, salary sacrificed contributions and … [Read more...]

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

Q: My wife (age 63) and myself (age 65) have a small business. I was told by an 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 … [Read more...]

Cashing in on the co-contribution rules (2015/2016 year)

Note: This article explains the co-contribution rules for the 2015/2016 year (and later in the article, also for the 2014/2015, 2013/2014, 2012/2013 and 2011/2012 years).The federal government is giving away money to anyone who makes a non-concessional (after-tax) contribution to their super … [Read more...]