Category «Superannuation»

Splitting Super Contributions Between Spouses

Superannuation is always under attack, no matter which party holds government One thing is clear – you should always be on the lookout for strategies to prevent the consequences of changes that are certain to come in the future. One strategy is simple, legal, and highly effective -splitting your superannuation with your spouse. To be …

Latest Contributions Caps

Legislation has finally been passed to give effect to several of the key superannuation changes proposed in the 2021 Federal Budget. This is great news for retirees, and people approaching retirement, as they open the door to some worthwhile strategies. The changes include the removal of the work test requirement for non-concessional contributions for people …

Superannuation Basics

Over the past week I’ve made three presentations to separate retiree groups, and from the questions being asked, it’s obvious many are still confused about superannuation. So today I’ll give you a brief overview, incorporating answers to many of their questions. First the good news: there is no limit on the amount your superannuation can …

Financial Guidance for Retirees

Superannuation should play a major part in your retirement plans. Let’s face it, it lets you build up assets in a low tax environment, and a good fund will typically do better than you could do on your own. But judging by the emails I receive, many people are unaware of recent changes that offer …

Withdrawing Your Super to Get Through the COVID-19 Crisis

I wrote recently about withdrawing money from your superannuation under the emergency regulations, and pointed out that it should only be done as a last resort. This was because of the compounding effect on a sum like $20,000 over 30 years. But this week a reader questioned the logic. He said “if the choice is …