News

Icon for www.msn.comMSN · Jan 9, 2025

Contribution splitting can help couples balance their super. Here's how it works

Most funds have their own forms for contribution splitting, but the Australian ... before switching your super to another fund. Importantly, you can only split "concessional contributions ...
Yahoo Finance Australia on MSN.com · 7d

All the superannuation and tax money changes coming soon for Aussies

A raft of money changes will kick in from July 1, impacting everything from superannuation to tax to Centrelink. · Source: NCA NewsWire/Getty The super guarantee rate will increase from 11.5 per cent to 12 per cent for workers.
Icon for www.msn.comMSN · Dec 5, 2024

How to boost your super on a low income

The LISTO is 15 per cent of the before-tax concessional super contribution paid by an individual ... including the Australian Taxation Offices income eligibility test. According to H&R Block ...
Icon for www.moneymanagement.com.auMoney Management · 22d

Non-concessional contribution advice leads to FSCP action

The Financial Services and Credit Panel (FSCP) has made a written direction after an adviser gave incorrect advice regarding non-concessional ... contribution or recontribution that are designed to take advantage of certain tax and super provisions to ...
Icon for www.smh.com.auSydney Morning Herald · 22d

Should I start drawing on my super if the markets are down?

I understand proceeds from a home sale are tax-free, but are there any nuances I’m missing if it’s contributed to super as after tax non-concessional contributions? My wife and I recently retired.
Icon for www.afr.comThe Australian Financial Review · 6d

This tax strategy makes it hard to lose money when markets fall

The tax benefits of salary sacrificing into super are so good, markets would have to drop by at least 20 per cent for most people to be worse off. Shockwaves have been sent through the world’s ...
YourLifeChoices · 12d

Should you pay it back immediately? Experts reveal the shocking truth about early super access

The COVID-19 pandemic brought about unprecedented challenges, leading many Australians to make tough financial decisions, including accessing their superannuation early. With the dust settling and life gradually returning to normal,