Set out below are all SuperGuide articles that relate to How super works.
Understanding the difference between your total superannuation balance and your transfer balance cap
Don’t know your TSB from your TBC? We explain the difference and why it counts.
How do I transfer a UK pension to an Australian super fund?
It can make sense to bring your UK pension funds home to Australia, but the process is far from straightforward. We explain how it’s done.
What are unrestricted and restricted non-preserved super benefits?
If you have ever wondered why your super fund breaks down your balance into preserved and two types of non-preserved amounts, this explainer is for you.
Super news for September 2021
Underperforming funds now need to tell APRA why, Re-contributions of Covid-19 early release super withdrawals allowed, Separating couples can request partner’s super information, SMSFs numbers increase in June quarter, Retirees experience higher inflation, SMSF investors fuel growth in ETFs, Colonial First State in Federal Court.
How does SAPTO work? (Senior Australians and Pensioners Tax Offset)
SAPTO can help retirees reduce their tax bill but working out whether you are eligible and for how much is far from straightforward.
Personal income tax cuts (2018–2025): What it means for you
The majority of Australians are already enjoying tax cuts and increased financial support in the form of tax offsets, with more to come.
Guide to the Low and Middle Income Tax Offset (LMITO)
LMITO is here for another year, saving taxpayers up to $1,080, so catch it if you can.
Guide to the Low Income Tax Offset (LITO)
Low-income earners may be eligible to reduce their tax bill by as much as $700, without lifting a finger. Check our guide to who’s eligible and for how much.
Income tax: Australian tax brackets and rates (2020–21 and 2021–22)
The amount of tax you pay will depend on your assessable income less a host of tax deductions and offsets. Here are the latest rates and thresholds.
How superannuation is taxed: Super for beginners guide
Super is arguably the most tax-effective retirement savings vehicle in the land, so it’s worth getting acquainted with the rules.
Making superannuation contributions: Super for beginners guide
It can be confusing to understand all the different types of super contributions. But it’s worth learning the main types and what each one offers you.
Early release of super due to COVID-19 (coronavirus)
On 22 March 2020 the federal government announced a temporary measure allowing individuals to access up to $10,000 of their superannuation in 2019/20 and a further $10,000 in 2020/21.
Your tax guide to accessing your super under age 60
If you access your super when you’re under age 60, the tax man is going to get a share of it, so make sure you know the rules.
Your tax guide to accessing your super under age 60
If you access your super when you’re under age 60, the tax man is going to get a share of it, so make sure you know the rules.
Your tax guide to accessing your super over age 60
When you reach age 60, the rules change on how much tax you are required to pay when you withdraw your super savings.
