Tax-free super

Tax-free means no tax is payable. In terms of superannuation, anyone aged 60 or over can expect tax-free super benefits (unless you’re a public servant). Even when you’re under the age of 60, you may be able to access tax-free benefits.

Set out below are all SuperGuide articles explaining Tax-free super.

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?

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

The federal government is giving away money to anyone who makes a non-concessional (after-tax) contribution to their super fund, and who earns less than $49,488 a year (for the 2014/2015 year). The tax-free giveaway is officially called the co-contribution scheme.

CSHC income test: What is untaxed superannuation and taxed super?   Super Guide

This article explains how super benefits are counted towards the Commonwealth Seniors Health Card.

Bad news! Super pension income to be included for Health Card test   Super Guide

In the 2014 Federal Budget, the government announced that superannuation pensions from a taxed source will be counted towards the income test of the Commonwealth Seniors Health Card. This radical change will apply from 1 January 2015, but only for new applicants.

A comfortable retirement: How much super is enough? (updated figures)   Super Guide

So, the big question is: how much money do you really need for your retirement? Lifestyle is a very personal thing —luxury living for one person is a modest existence for someone else.

Setting a retirement target: Living on more than $58,000 a year (updated figures)   Super Guide

The most popular question about superannuation and retirement planning is, without doubt: How much money is enough?

Retirement and tax: What are the minimum pension payment rules?   Super Guide

Q: I am 63. I want to retire next year but I am not sure if I want to access my super benefits yet. I have heard that when I retire, I must withdraw some super benefits each year, otherwise I won’t receive tax-free super benefits.

Super for beginners, part 8: What happens to my super benefits when I retire?   Super Guide

Q: I have a superannuation fund accumulating (although I am no longer making super contributions). I am 52 and I intend retiring at age 60.

Q: I turned 60 this year and I have been sick since late last year. I am wondering if you can tell me what kind of tax I have to pay if I take my super payment. I haven’t been to work since the start of December 2013.

Tax free super for over 60s, except for some   Super Guide

If you withdraw your super benefits after you turn 60 years of age, you can expect to pay no tax on those super benefits, unless you are a member of certain public sector super funds (see summary table at the end of this article).