THE SOAPBOX

The must-read section of SuperGuide. These popular and compelling columns generate debate about issues affecting Australians planning for retirement, or living in retirement.

Each month, we draw attention to an area of our superannuation system that needs improvement or deserves recognition. Trish Power's views in the columns are informed, and independent.

Below are some of our key THE SOAPBOX articles:

Set out below are all SuperGuide articles explaining THE SOAPBOX.

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...]

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...]

Financial advice: Only 75 independent financial advisers in Australia

Note: This article is updated regularly when new financial advisers join the independence club (latest update January 2016). A financial adviser does not have to be a member of the IFAAA to join the SuperGuide list, provided they can declare that they satisfy the requirements of being an independent … [Read more...]

Super tax refund for lower-income earners available until 2016/2017 year

NOTE: The Coalition government has extended the Low Income Super Contribution (tax refund on certain super contributions) until the 2016/2017 year. The time extension for this refund was part of a parliamentary deal which secured passage of the repeal of the Mineral Resource Rent Tax. Under the new … [Read more...]

Age Pension age increasing to 67 years (not 70 years)

Note: This article explains the current Age Pension age. If you are seeking information on the retirement age for accessing superannuation benefits see SuperGuide article Accessing super: What is my preservation age?If you are seeking information on the changes to the Age Pension asset test … [Read more...]

A quick summary: 2015/2016 Mid-Year Economic and Fiscal Outlook (MYEFO)

On 15 December 2015, the federal government released the 2015/2016 Mid-Year Economic and Fiscal Outlook (MYEFO), which was jointly presented by federal treasurer, Scott Morrison and minister of finance, Mathias Cormann. Speaking to the media and to the public, the ministers announced that the … [Read more...]

Why a $11,000 contributions cap is a silly idea

The federal government, various think tanks and business groups are obsessed with superannuation tax concessions and the need to fix the budget by cutting those super tax concessions. While the tax tango continues, we also need the government and the super industry to become obsessed with the bigger … [Read more...]

Why women have to save more super, and why pollies should care

When we first launched SuperGuide seven years ago, I wrote an article explaining why tax-free super in retirement was a non-issue for most women. The reason for making this statement, and which unfortunately remains valid seven years later, was that many women, on average, have such low super … [Read more...]

Temporary concessional contributions cap applies to over-50s

In July 2013, the federal government introduced a temporary concessional contributions cap of $35,000 for over-60s, which was then expanded to 50-somethings from July 2014.Since July 2014, individuals aged 50 years or over can utilise a higher temporary concessional contributions cap of $35,000. … [Read more...]