How the Division 293 tax works: Super surcharge for high earners
High-income earners pay extra tax on their concessional super contributions, so it’s important to understand the rules.
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High-income earners pay extra tax on their concessional super contributions, so it’s important to understand the rules.
New rules from 1 July will potentially allow older Australians to bring forward the sale of their home and get two bites of the super contributions cherry.
Capital gains are an investment goal, but they leave you with a tax liability, so it’s worth checking some of the strategies for cutting your CGT bill.
Whether it’s better to tip savings into super or the mortgage is a common question and even more pertinent now that mortgage interest rates are on the rise and returns from super are volatile.
The key here is the age restriction on making contributions to super. Really, from age 75, the only real contributions that can be made to super are what we call downsizer contributions.
Am I allowed to put money from my savings into my granddaughter’s super account?
Since new rules came into force last July, people aged 67 to 75 have more opportunities to boost their super even if they are no longer working.
Non-residents can make super contributions, but check with the fund around their rules.
If you contribute $30,000 short in the first three years, then in year four, are you able to contribute after tax of $110,000 plus the $30,000 short for all from years one to three?
When I receive payments from an account-based pension, I know I can put some back to my accumulation account. How is the amount put back treated? Is it a non-concessional or a concessional contribution?
Can I immediately, after making these contributions, transfer my accumulation super to a pension account, or do I need to wait three years due to the bring-forward?
Eligible downsizer contributions can be a great way to boost your super without falling foul of many of the rules affecting other super contributions.
From 1 July 2022, changes to the super rules create new opportunities for older Australians to top up their retirement savings.
In your 60s and 70s, super is still very important and there are some significant decisions to make, so here’s some tips on what to keep an eye on.
There are two ways you can use the sale proceeds from a business to boost your super, and the CGT retirement exemption is one of them.
When you’re in your 20s, retirement seems a long way off, but there are some important things you can do. Here’s 10 tips to ensure your savings stay on track.
Withdrawing and recontributing money into your super can be a valuable way to improve your estate plan and equalise the super position of you and your spouse.
Older single women face increasing challenges to building a superannuation balance that can adequately support them in retirement.
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