Pension fund rankings
- All Growth category (96–100%)
- High Growth category (81–95%)
- Growth category (61–80%)
- Balanced category (41–60%)
- Conservative category (21–40%)
Introducing a new benefit of your SuperGuide membership, where we arrange discounts to complementary services provided by carefully selected partners.
Jubilacion uses expert financial modelling to answer the big questions on the minds of people thinking about their retirement, such as how much money you need to retire.
SuperGuide members receive a 20% discount
SuperGuide members Q&A: December 2023
Thursday 14 December 2023 at 11:00 am AEDT
In this webinar super expert Garth McNally will answer recent questions from SuperGuide members.
Q. Can I contribute any monies to my super after I turn 75yo?
If so, what would it be taxed at?
If not, what is the policy reason behind this? – i.e. why can’t I put an inheritance into super at age 76yo?
A. The only type of super contribution available to people over age 75 is a downsizer contribution. This permits you to contribute up to $300,000 from the sale of your home. This type of contribution is not taxed on entry to super.
As for the policy reasons, we don’t pretend to be able to read the government’s mind, but in general the super environment is allowed significant tax concessions to encourage people to save during their working lives and reduce their future reliance on the Age Pension. The downsizer contribution is an exception which is provided to encourage older Australians to sell their home and free up housing stock for the next generation.
Providing access to other super contributions for older people would not benefit the Federal Budget because the earnings of savings invested outside super are generally taxed at higher rates than investment earnings in super. Permitting those savings to be contributed to super would therefore reduce tax revenue without any corresponding benefit for the budget bottom line.
Learn more about downsizer contributions.
With rising living costs starting to bite, a review of your affairs to make sure you’re getting the most out of the Age Pension could be just the remedy to generate more income.
Not on the pension? You could be eligible without knowing it.
Learn more about how to maximise your entitlements.
Important: All information on SuperGuide is general in nature only and does not take into account your personal objectives, financial situation or needs. You should consider whether any information on SuperGuide is appropriate to you before acting on it. If SuperGuide refers to a financial product you should obtain the relevant product disclosure statement (PDS) or seek personal financial advice before making any investment decisions.