Aussies losing $2.75bn in compulsory super payments each year: ASFA
Aussies losing $2.75bn in compulsory super payments each year: ASFA According to the Association of Superannuation Funds Australia (ASFA), Aussies are losing $2.75 billion each and every year through non-payment of their superannuation by employers. ASFA estimates that this is impacting 650,000 Australian workers each year, with the average person losing nearly $4,000 per annum in super which is the equivalent to 9 months SGC […]
 Read more
When can you withdraw your super?
When can you withdraw your super? For many Australians superannuation is the largest asset they will ever own, outside of their own home. With the rules changing every few years and the contamination of changing Centrelink Age Pension ages, it can be confusing working out exactly when you will be able to access your super benefits. First things first, you must meet […]
 Read more
Minimum superannuation pension payments for SMSF
Minimum superannuation pension payments for SMSF You’ve worked hard all your life, and you’ve finally reached the point where you can start to draw down on your superannuation. You may have fully retired, or you could be partaking in a transition to retirement strategy. Either way, you have met the conditions of release, and you are ready to draw down. One […]
 Read more
Super contributions caps for the 2015/2016 year
Super contributions caps for the 2015/2016 year As the end of the financial year rapidly draws to a close, have you thought to check your super contributions? Below is a brief overview of  the superannuation contribution caps for the 2015/2016 financial year – don’t leave it too late! Concessional (before-tax) contributions 2015/2016 A concessional contribution is a contribution that is made by […]
 Read more
Centrelink Asset Testing has changed for Account Based Pensions
Centrelink Asset Testing has changed for Account Based Pensions So what has changed? Up until the beginning of 2015, Account Based Pensions (ABP’s) were treated favourably by Centrelink and DVA, and assessed under the income test rules based on the level of income that they were producing in order to determine how much income support would be paid. From 1 January 2015, ABPs will no longer have the income test […]
 Read more