What are the current work test rules for super contributions?
Even though the work test has been abolished for most super contributions, if you are over age 67 there is still one type of contribution that needs to pass the test.
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Even though the work test has been abolished for most super contributions, if you are over age 67 there is still one type of contribution that needs to pass the test.
Super fund members can make higher contributions this financial year, but the actual amount may depend on whether you’ve previously triggered the bring-forward rule.
Concessional contributions make up most of the money going into your super account, so it’s important to understand what these are and how they work.
Making a personal contribution into your super can be a great way to boost your retirement nest egg and enjoy the tax-effective benefits of the super system.
If you’re eligible and thinking about tapping into your super before you turn 60, it’s worth checking the tax implications first. In some cases, you may be better holding off for a while.
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.
Before withdrawing your super, it’s important to understand the proportioning rule and how it will impact the amount of tax you will pay on your super savings.
Using the bring-forward rule is a great way to put a larger contribution into your super account in a single year. Here’s what you need to know about the rules.
It’s not widely known, but it’s possible to put money from a personal injury compensation payment into super without many of the usual caps and limits.
High-income earners pay extra tax on their concessional super contributions, so it’s important to understand the rules.
Going over your annual limits for super contributions can cause problems and cost you money, so it’s important to know what to do if you have.
The Low Income Super Tax Offset is a government rebate that can help boost your super and make saving for retirement a little easier.
Once you turn 60 and start withdrawing your super, the tax advantages of the super system come into play.
Managing competing investment priorities in retirement is a challenge but a bucket strategy could tip the balance in your favour.
While interest rates have lifted off their historic lows, franked dividends from shares are still a happy hunting ground for income-seeking investors.
The Home Equity Access Scheme can be a great way to boost your retirement income by taking a loan from the government against the equity in your home.
If you’re finding it difficult to make ends meet in retirement, one solution to free up some extra cash could be to take out a reverse mortgage.
If you suffer a total and permanent disability, making the most of any TPD insurance you have in super is crucial.
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