Tax on large withdrawals floated to future-proof super

11 December

Retirees might be more inclined to use super for its intended purpose – income for retirement – under a proposal to tax oversized withdrawals. Four actuaries have waded into the ever-contentious tax debate with a discussion paper thrashing out...[Read More]

Retirement withdrawal – lump sum or income stream

6 November

The difference between a lump sum withdrawal of super and a retirement income stream, and the tax consequences.   Choose a lump sum or income stream When you meet the retirement condition of release, you can usually choose to withdraw your...[Read More]

From Distant Concern to Valued Asset: The Adult’s Guide to Embracing Superannuation

4 April

Being young comes with a whirlwind of experiences and financial priorities, often pushing thoughts about retirement and superannuation to the back burner.    Initially, for many young individuals, superannuation feels like a distant concern,...[Read More]

Understand if a Self Managed Super Fund (SMSF) is right for you

9 November

A self-managed super fund (SMSF) is a private superannuation fund that individuals in Australia can manage themselves. These funds differ from industry and retail super funds, as they offer more control over investment choices and insurance options....[Read More]

Labor unveils super tax tweaks on big balances

4 October

The number of Australians with super balances in the hundreds of millions has been expanding quickly as the federal government prepares to tighten tax breaks for wealthy retirees. The Labor government committed to halving tax breaks for those with...[Read More]

Super guarantee contributions due by 28 July

12 July

Remember, super guarantee (SG) contributions for your eligible employees are due by 28 July. Follow Ricky’s story below to learn more about your obligations as an employer. Ricky operates a florist where he hires multiple employees to help manage...[Read More]

Thinking about self-managed super?

27 January

(ATO)   If you set up a self-managed super fund (SMSF), you’re in charge – you make the investment decisions for the fund and you’re held responsible for complying with the super and tax laws. It’s a major financial decision...[Read More]

Choosing a super fund is like picking your perfect match [VIDEO]

29 January

MoneySmart (ASIC) Choosing a super fund is a bit like dating. Pick the right fund and you’ll be set for a long, happy and comfortable life when you retire. Set your sights on the wrong one and you’re in for a world of pain. Here’s...[Read More]