Why is choosing the best super fund important? Superannuation is on average the second biggest asset a family has! The longer you don’t think about superannuation, the longer you will have a poor retirement! Fix it now and read things to consider when comparing superannuation from fees, features, investments and insurance.
The recently introduced Low Income Superannuation Contribution (LISC) is effectively a refund of contribution tax payable for individuals earning under $37,000. How does it work and how can you receive your refund?
The government has proposed a range of superannuation changes for 2013 that may impact superannuation accounts and retirement accounts of investors.
The Federal Government for the 2012/2013 financial year proposed some substantial changes to the ‘Government Co-Contribution’ scheme with effect from the 1st July 2012. The Government Co-Contribution for 2013 has been …
From July 1st 2012 there is an increased contributions tax for high income earners, increasing the superannuation contributions tax from 15% to 30%. This will result in a a greater proportion of contributions being paid as tax and reduces the concessions available. Individuals who incur a capital gain in a financial year may also be affected.
Contributing into superannuation is easy enough, however the way you make your contribution is important – ‘pre-tax’ or ‘post-tax’ contributions are dealt with differently and have different taxes applied! Want to know the difference and how to maximise your retirement dollar? Read on!