Set out below are all SuperGuide articles that relate to How super works.
Pension payment relief extended for another year, Super bills pass, Retirement costs rise, March super stats show super increase, Running out of money in retirement major concern for retirees, Magellan launches fund with reserving strategy.
In your late 60s, you may need to meet a work test before making contributions into your super account. Here’s the current rules and what they mean for you.
The government’s First Home Super Saver (FHSS) Scheme can be a handy tool when you are saving for your first home. But it’s not for everyone.
If you downsize your home, putting some of the proceeds into your super can help feather your retirement nest.
UniSuper set to open fund, AustralianSuper and Club Plus Super in merger talks, COVID-19 early access scheme primarily used to pay bills, Your Future Your Super changes, Government to regulate proxy advisers, New aged care help service, FSC focus on affordable and accessible advice
Tracey Spicer talks to industry experts, including Noel Whittaker, Stephen Huppert and Bina Brown, as well as Professor Susan Thorp and representatives of the SMSF Association, FPA, FSC, Super Consumers Australia and Women in Super about their takes on the 2021 Federal Budget.
Removing SG’s $450 per month threshold and the work test, Enhancing the FHSSS, Downsizing and the Pension Loans Scheme.
The Low and Middle Income Tax Offset (LMITO) helps low and middle income earners lower the amount of tax they need to pay. Because it is a tax offset, it can only be used to lower the amount of tax that you owe and not to generate a tax refund or pay your Medicare Levy.
The Personal Income Tax Plan which provides targeted tax relief over seven years for low and middle income earners and protects middle income Australians from bracket creep consists of three steps.
The past financial year has been a turbulent one, so it’s a good idea to start getting your super and tax affairs ready for 30 June. Here’s our top 10 super tips.
The idea that young Australians should be able to dip into their super to help buy their first home keeps going round and round. The most recent iteration put forward by the Coalition’s Tim Wilson and a clutch of other backbenchers has the catchy slogan Home First, Super Second.
Your Future, Your Super legislation attracts industry criticism; Top postcodes revealed for lost and unclaimed super; ASFA argues accessing super would make housing affordability worse, not better; new research dismisses the idea that retirees die with most of their super untouched; Huge gender gap in super concessions; ASIC’s mea culpa on SMSF costs; AMP appoints its first female chief.
While applauding the indexation of superannuation caps for cost-of-living increases, Meg Heffron argues for more simplicity and less red tape.
From 1 July, the annual amount you can contribute to super will rise. If you are planning to make a large non-concessional contribution, it pays to think about timing.
All sorts of claims are being made following the release of the Retirement Income Review, including that it paid insufficient attention to issues of gender.