Set out below are all SuperGuide articles that relate to How super works.
Super news for June 2021
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.
Work test: Making super contributions after you turn 67
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.
How does the First Home Super Saver (FHSS) Scheme work?
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.
Making downsizer super contributions: 10 things you need to know
If you downsize your home, putting some of the proceeds into your super can help feather your retirement nest.
Super news for May 2021
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
Video: Industry experts respond to the Federal Budget 2021
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.
2021 Federal Budget overview: Super, tax and aged care announcements
Removing SG’s $450 per month threshold and the work test, Enhancing the FHSSS, Downsizing and the Pension Loans Scheme.
Guide to the Low and Middle Income Tax Offset (LMITO)
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.
Personal income tax cuts (2018–2025): What it means for you
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.
10 super housekeeping tips for EOFY 2020/21
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.
Housing affordability is a problem. Here’s why super-for-housing isn’t a solution
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.
Super news for April 2021
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.
Indexation of the Transfer Balance Cap
While applauding the indexation of superannuation caps for cost-of-living increases, Meg Heffron argues for more simplicity and less red tape.
Case studies: How to make the most of higher contribution caps
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.
Yes, women retire with less than men, but boosting compulsory super won’t help
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.