Note: The article lists the latest superannuation rates and thresholds for the 2018/2019 and 2017/2018 years, and earlier financial years. One of the most searched-for superannuation thresholds is the concessional (before-tax) contributions cap for the latest financial year. For the 2018/2019 year (1 July 2018 to 30 ... Read more
Contributing super by downsizing your home: 10-point guide
Many Australian retirees find they want a smaller home, or a home more suited to their empty-nest requirements. For some Australians, selling the family home can be great way to release built-up equity to pay for retirement living expenses or in-home support that will allow them to stay at home longer. Older ... Read more
Latest superannuation rules: 2018/2019 guide
Substantial changes to the superannuation rules took effect from 1 July 2017, and further super changes took effect from 1 July 2018. Have you investigated how the super changes will affect your superannuation and retirement plans for the 2018/2019 year, and for future financial years? At the same time, many of ... Read more
10-point guide to First Home Super Saver Scheme
Saving a deposit to buy your first home is a tough task, and purchasing an affordable first home can be an even greater challenge. In response to this affordability issue, the federal government announced in the May 2017 Federal Budget, a new scheme to allow first homebuyers to use their super account to save some of ... Read more
Concessional contributions: Catch-up rules now apply (10 Q&As)
In this article, you can find the answers to 10 important questions about the new catch-up concessional contributions rules that have applied since 1 July 2018. (For information on the recent cut to the annual concessional contributions cap since July 2017, see SuperGuide article Cut to concessional contributions caps: ... Read more
No rest for SMSF trustees: 10 jobs for life from July 2018
Although the past few years have kept SMSF trustees busy with numerous legislative changes and a major shake-up of the super system since 1 July 2017, the upcoming financial year does not look like it will bring much of a respite. In fact, from 1 July 2018 most SMSFs trustees are going to face a range of new ... Read more
The short story on super contributions limits (2018/2019 year)
You can make two types of superannuation contributions – concessional (before-tax) contributions and non-concessional (after-tax) contributions – and each type of contribution has a separate limit known as a contributions cap (see text and tables below). Short story on concessional contributions Short story on ... Read more
Super concessional (before-tax) contributions: 2018/2019 survival guide
Note: This article explains the rules applicable to concessional contributions for the 2018/2019 year (and for the 2017/2018 year, and later in the article, also explains the rules applicable for the 2016/2017 year, and earlier financial years). Superannuation contributions can be divided into two types — ... Read more
Bring-forward rule: A definitive super guide
Note: The information in this article relates to the 2018/2019 financial year and the 2017/2018 financial year (and also refers to the rules applicable for the 2016/2017 financial year). For the 2018/2019 year, the annual non-concessional contributions cap remains at $100,000, and in turn, the bring-forward cap ... Read more
Cut to concessional contributions caps: the back story
A single annual concessional (before-tax) contributions cap of $25,000 applies to all ages for the 2018/2019 year when making superannuation contributions, which was the same cap that applied for 2017/2018 financial year. Before July 2017, much higher concessional caps applied. A concessional contribution is a ... Read more
Your 2018/2019 guide to non-concessional (after-tax) contributions
Note: This article explains the rules applicable to non-concessional contributions for the 2018/2019 year (and for the 2017/2018 year, and later in the article explains the rules applicable for the 2016/2017 year and earlier years). See also SuperGuide articles New normal: $100,000 non-concessional contributions cap ... Read more
Cashing in on the co-contribution rules (2018/2019 year)
Note: This article explains the co-contribution rules for the 2018/2019 year (for the 2017/2018 year, and later in the article, also for the 2016/2017, 2015/2016, 2014/2015, 2013/2014, 2012/2013 and 2011/2012 years). The federal government is giving away money to anyone who makes a non-concessional (after-tax) ... Read more
