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.

Financial advice: Only 67 independent financial advisers in Australia

Note: This article is updated regularly when new financial advisers join the independence club (latest update August 2015). 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...]

Double contributions tax for high-income earners

Anyone with an adjusted taxable income of more than $300,000 (including rental property losses and other items) now pays 30% tax on concessional contributions paid into a super fund, doubling the super contributions tax bill for high-income earners. The regular contributions tax is a flat rate of … [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 until the 2016/2017 year, as part of a parliamentary deal which secured passage of the repeal of the Mineral Resource Rent Tax. Under the new legislation, enacted in September 2014, the LISC is now payable for the … [Read more...]

THE SOAPBOX: Ban unhedged international shares in default investment options

Long-term readers of this SuperGuide website may recall my strong support for hedging international investments within default investment options. Alternatively, you can see my position as strong opposition to super funds punting on currency movements when their authority is to invest in … [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? Note: If you are seeking information on the changes to the Age Pension asset … [Read more...]

Super Guide to the 2015 Tax Discussion Paper

UPDATE: The government is accepting submissions from the public in response to its 2015 Tax Discussion Paper. The federal government has now extended the submission period until 24 July 2015. I strongly encourage you to make a submission if you want your views heard, and your concerns taken into … [Read more...]

ALP policy hits super contributions and pension earnings

Note: If you are retiring with $500,000 (or even less) in a super pension, you could potentially be hit with the ALP’s proposed new tax on pension earnings. On 22 April 2015, the leader of the opposition, Bill Shorten announced the ALP’s superannuation election policy. If the ALP wins government, … [Read more...]

Guest contributor: Franked dividends are not a tax concession

Note: The 2015 Tax Discussion Paper, released in March 2015, has questioned the merits of franking credits for Australian dividends. Further, although not referenced with reviewing the tax treatment of investments, the Financial System Inquiry final report also questioned the imputation system, … [Read more...]

Guest contributor: Make your money live forever

“A man’s dying is more the survivors’ affair than his own.” – Thomas Mann “The beginnings and endings of all human undertakings are untidy.” – John Galsworthy While these quotations from Mann and Galsworthy are usually correct, it doesn’t have to be that way. Surely an important part of … [Read more...]