2018-19 super rules, New contributions and tax rules, TBARs, TSBs and FHSSS, SMSFs housekeeping
In this special edition we’ve refreshed all SuperGuide articles that cover the key rules, regulations, rates and thresholds for the 2018-19 financial year.
- 2018-19 SUPER RULES: Learn what rules, rates and thresholds apply from 1 July 2018. This article also provides a valuable refresher around the large amount of significant changes that applied from 1 July 2017.
- NEW TAX AND CONTRIBUTIONS RULES: LMITO, downsizer contributions, and catch-up contributions are all new terms we need to catch up on. Find out how they work and whether they apply to you.
- DO YOU KNOW YOUR TBAR FROM YOUR TSB? If not then you should check out our in-depth articles on Transfer Balance Account Reports and the Total Superannuation Balance.
- CAN SUPER HELP YOU BUY YOUR FIRST HOME? The First Home Super Saver (FHSS) Scheme is now in operation.
- SMSF HOUSEKEEPING: For our readers with SMSFs, we provide a handy checklist of what to keep on top of for the coming year, plus guidance on what your advice your accountant can still help with.
SUPER REFERENCE GUIDES
Keeping up with the constant rule changes to super can be tricky, so here’s our annual list of what you need to know.Read more
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.Read more
Life is never quiet for SMSF trustees. With new contribution limits and recovery from the pandemic, it looks like the new financial year will be no different.Read more
For most of us, our employer’s regular SG payments are the main source of contributions going into our super, so it pays to understand what they are.Read more
With so many recent changes to super, we’ve compiled this handy list of the rates, caps and thresholds that now apply.Read more
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.Read more
This article includes a simple step-by-step checklist to guide you through your financial advice experience.Read more
While many SMSF trustees turn to their accountant for assistance, they can only provide advice on some SMSF-related matters. To help SMSF trustees navigate this tricky area we’ve compiled a checklist to help you work out if your accountant is the right person to ask for help.Read more
NEW SUPER MEASURES
LMITO is here for another year, saving taxpayers up to $1,080, so catch it if you can.Read more
Rolling forward any unused amounts from your annual concessional contribution cap can be an easy way to get more money into super tax-effectively.Read more
There are a series of hurdles you need to clear before you can access your super. The first is your age.Read more
Recent increases to contribution caps also impact your total super balance. Here’s how it works.Read more
If you downsize your home, putting some of the proceeds into your super can help feather your retirement nest.Read more
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.Read more
If you have an issue with your super fund, there are steps you can take that will lead to the best chance of resolution.Read more
Concessional contributions are taxed at concessional rates, so to make the most of them it’s important to understand how they work.Read more
Non-concessional contributions are a great way to top up your super retirement savings. Here’s our simple guide to how they work.Read more
Getting the government to top up your super account can be easy way to boost your retirement savings. Here’s an easy guide to the tips and traps.Read more
LATEST AGE PENSION CHANGES
Under the deeming rules, you are ‘deemed’ to earn a certain annual rate of return on your financial assets, regardless of the rate of return you actually earn.Read more
This article details the rules and limits of the Age Pension assets test (how much your savings and other assets are worth), which is one half of the means test (along with the income test) that determines how much Age Pension you could be eligible for.Read more