Retire at 60, grab your tax-free super and ride off into the distance. Sounds like a plan, but as with everything to do with super, the devil is in the detail.
Set out below are all SuperGuide articles that relate to Tax-free super.
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However well you think you understand superannuation, it always pays to refresh yourself on the basics.
Although you can retire and access your super if you’re under age 60, the tax man is going to want his cut, so ensure you understand the rules before acting.
Knowing how much tax you’ll pay when you withdraw your super savings is important and the rules change once you reach age 60.
Transfer balance account reports notify the ATO of any changes to SMSF trustees’ transfer balance accounts.
This article broadly explains how superannuation is taxed, including when you make contributions, as your super grows, and when you access your super.
Accurate asset valuation is integral to ensuring SMSF compliance with super legislation. SMSF assets must be valued at their current market value. SMSF trustees can take responsibility for valuing many types of assets if they wish, or they can use the services of independent professional valuers.
On 1 July 2017, the transfer balance cap was introduced for Australians in retirement. Find out how it works and whether it impacts you.
Besides being a great way to save for retirement, Australia’s super system offers some valuable – but little-known – benefits for super fund members. Here’s our list of the top 10 super benefits and how they can help improve your financial situation.
As a member of a defined benefit super fund, how much you receive on retirement will depend on factors such as length of employment and your final salary.
An anti-detriment payment is an additional lump sum amount paid to the eligible dependant of a super fund member who dies (in addition to a lump sum death benefit that is paid to the dependant on the super fund member’s death).
Australian super law allows for the full early release of your super if you’re diagnosed with a terminal medical condition, provided your super fund allows it.
In this article we highlight some tricky areas, reinforce the need for proper estate planning and updating, and suggest strategies to manage certain situations.
This article is designed to help those who have to think about this reporting – trustees of, and advisers to, SMSFs. Remember that SMSFs and large funds often have different deadlines when it comes to reporting and TBARs are no different.
SuperGuide has invited advocacy group, Save Our Super, to highlight the immediate and long-term implications of the federal government’s latest changes to super and the Age Pension.