by superannuationblog | Nov 28, 2012 | Basic Tax, General, Superannuation Contribution |
Superannuation is taxed in three stages – on entry when you or your employer put the money into your superannuation account, on investment earnings and on exit when you withdraw the benefits. The first stage of tax you have to pay is the “contributions tax”, collected...
by superannuationblog | Oct 29, 2012 | General |
According to the Australian Bureau of Statistics, 30% of Australians over 45 plan to work until they are at least 70. The research also shows 15% of middle aged and older Australians say they don’t plan to retire. According to a Wells Fargo survey, 30% of...
by superannuationblog | Oct 28, 2012 | General |
If you’re dissatisfied with the way your superannuation is being managed by your superannuation fund (super fund) or its service providers, there is a proper way to make an official complaint to the trustee of your super fund. It can be very frustrating when things go...
by superannuationblog | Sep 2, 2012 | General, Superannuation Contribution |
There are no limits as to how much you can contribute to superannuation. However, if you exceed the relevant annual limit, you will have to pay additional tax. This limit is called “contributions cap”. There are concessional contributions cap and non-concessional...
by superannuationblog | Aug 31, 2012 | General, Superannuation Contribution |
In superannuation, the term contribution refers a payment made to a superannuation fund as a way of savings for retirement and is one of the ways you can put the money to your superannuation account. You can also rollover your superannuation from one fund to another...
by superannuationblog | Aug 30, 2012 | General, Superannuation Contribution |
A new law has been introduced by the government to allow an individual who has exceeded their concessional contributions cap by $10,000 or less, the option to have the excess concessional contributions withdrawn from their superannuation fund and refunded to them. If...
