Making super contributions once you reach age 67 is more difficult as you need to meet the requirements of a work test. Here’s a simple guide to understanding the rules and how they affect you.
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.
It would be a waste if the Friday’s mammoth Retirement Income Review was remembered only for its finding that increases in employers compulsory superannuation contributions come at the expense of wages.
The government’s much-anticipated Retirement Income Review has found that increases in employer’s compulsory superannuation contributions are financed by reductions in workers’ wage growth.
The Superannuation Guarantee (SG) contributions made by your employer into your super account are the foundation of a successful retirement. So it’s worth understanding the SG rules and how they work.
Once you’re in retirement, making super contributions gets a lot trickier. But it’s not impossible if you understand the rules and are willing to use different types of contributions.
Exceeding your annual super contributions cap can leave you with a big tax bill. So here’s a simple explainer of the process you’re likely to face.
Once you get to your late 60s, the rules change when it comes to making personal contributions into your super account. Here’s a simple guide to who is eligible and who’s not.
While your employer is making regular Super Guarantee contributions into your super account, you can boost your account balance by using after-tax money to make non-concessional contributions.
Concessional contributions are the most common type of super contribution, but many people don’t understand what they are or what is their annual limit, so here’s our simple guide.
Finding extra dollars to put into your super account can be difficult, so receiving a $500 payment from the government can be a welcome boost for your retirement savings.
Having a total super balance of $1.6 million can create real problems. If you want to add more to your super account, here’s four strategies to consider.
Making a tax-deductible super contribution can be a great way to boost your retirement savings. Find out whether they could be the right strategy for you.
Building a sizeable retirement nest egg can take some effort, but a recent study by Roy Morgan found only 18% of employees with super currently have more than the compulsory 9.5% of their salary or wages going into their super fund account.
We look at two strategies that can help boost your SMSF and reduce your taxable income.