We receive many interesting questions from readers. We believe this contact with our readers makes our SuperGuide site even more useful for readers because we enhance the SuperGuide website in response to the popularity of certain articles and topics, and in response to the types of questions that we receive.
Due to the number of questions that we receive, it’s not possible to answer every question but we do try to answer the most popular questions (or questions significant for the most readers), or cover several questions in one or more broader articles. All the questions that we receive from readers help us to develop the content for the website, even when you don’t receive a direct response (although all emails are read by me, and acknowledged by email by the SuperGuide team).
We have lots and lots of articles and Q and As on this site (more than 650), which we update regularly. I recommend anyone with questions on any topic to check out our existing content in case we have already answered a similar question or featured the issue you are concerned about in an article. You can click on the categories bar at the top of the home page or type in key words in our search function (see search button at the top of the page, or on the right-hand side of the page).
Note that we are constantly monitoring the site to ensure we remain as current as possible, so if you believe that any of our articles are out-of-date (or the article does not redirect to a more recent article), please let us know.
20 popular superannuation contribution questions answered
Making super contributions (and the rules applicable to the different types of contributions) is one of the more popular topics featured in our Q and As. Listed below are 20 popular Q and As about the contributions rules, updated for the 2017/2018 year. Click on the links immediately below the numbered headings to access the relevant Q and A.
Tip: Our contributions survival guides are also very popular with SuperGuide readers, and these guides are updated for the 2017/2018 year. You can check out the guides by clicking on the links at the right-hand side of the home page, or by clicking on the links at the bottom of this page.
Continue reading to discover the answers to 20 popular Q and As on the superannuation contribution rules.
1. How do the contributions caps work?
2. Does the contributions cap apply from January to December, or July to June?
3. I’m retired. Can I make super contributions?
4. Can I claim a tax deduction for my super contributions?
5. Can I make concessional contributions while I’m unemployed?
6. I turn 50 part-way through the year. Can I take advantage of the higher concessional cap for over-50s?
7. I earn a high income. Is there a limit to how much Superannuation Guarantee my employer must pay?
8. If I salary sacrifice, will I lose some of my Superannuation Guarantee entitlements?
9. Can I reduce my salary via salary sacrifice to claim the co-contribution?
10. Do my employer’s SG contributions count towards my concessional cap, and what happens if I exceed the cap?
11. If I turn 65 part-way through the year, can I still take advantage of the non-concessional bring forward rules?
12. If I trigger the bring-forward rules when I am 64 (under the special rules), can I make super contributions after turning 65 without having to satisfy the work test?
13. How can I reduce my personal capital gains tax bill by making super contributions?
14. Which contributions cap is relevant if I want to reduce my CGT bill?
15. Can I transfer assets in my name into my SMSF?
16. How can I help my spouse grow her super account?
17. Can I split my super contributions with my spouse?
18. Can I still use the re-contribution strategy to cut my super tax bill?
19. Can I reduce my income via salary sacrificing to claim the Family Tax Benefit?
20. I’m 65. Can I make super contributions?
Note: The Q and As listed in this article are merely a guide to assist you with the general rules concerning super contributions. You will need to confirm your personal circumstances with your employer, super fund, the ATO, or accountant/adviser where applicable.
You can access the contribution guides by clicking on the links below:
- Your 2018/2019 guide to non-concessional (after-tax) contributions
- Super concessional (before-tax) contributions: 2018/2019 survival guide
- Cashing in on the co-contribution rules (2018/2019 year)
SuperGuide Quiz No.2: How to boost your super
You can access the SuperGuide Quiz by clicking on the link below: