Category Archives: Basics about Super

Basics about Super – EOFY Personal Finance checklist – EOFY

The end of the financial year (EOFY) is approaching, and it’s now time to review all financial matters and take necessary actions before the 30th of June deadline. This includes gathering and documenting all transactions to maintain accurate records. To … Continue reading

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Basics about Super – What you need to know – Superannuation Australia

Superannuation is an important part of the Australian retirement system. It is a way for workers to save money for their retirement and it is compulsory for most employees. Superannuation is also a tax-effective way to save for retirement, with … Continue reading

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Basics about Super – Super for Contractors – ATO

Do you pay contractors for your business? You may need to pay superannuation for contractors, so here we explain: how the ATO determines when you must pay, about offering choice of fund and how much to pay. Super contributions for … Continue reading

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Basics about Super – How Transition to Retirement (TTR) works

A TTR (Transition to Retirement) helps you supplement their work income with a super pension, enabling them to work less or part-time. It also is a method for topping up your income as you approach retirement and work reduced hours. … Continue reading

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Pensions Centrelink – Eligibility for Age Pension Australia

Wondering how eligibility for age pension in Australia works? These are the criteria for eligibility for Age Pension according to our Government  Department, Services Australia: Age Pension age; Under the income and assets test limits; An Australian resident, normally for … Continue reading

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Basics about Super – How much do I need to retire in Australia?

It’s not hard to find out – don’t put it off. Be informed and be prepared! How much do you really need? Recent research shows that the annual value of Age Pensions paid to those entitled to maximum benefits, amounts … Continue reading

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Basics about Super – Contributions to Super – get them right for EOFY before 30 June

You can add to your super by making: Personal super contributions; Salary sacrifice arrangement with your employer; For your spouse; Eligible for government contributions; Transferring super from foreign super funds; Downsizer contributions (selling personal home and money left over). There … Continue reading

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Basics about Super – Year End Tax Planning / Personal Finance checklist – EOFY

To help sort out End of Financial Year (EOFY) – use a personal checklist to make a review and ensure all is in order and you take any ACTIONs by 30 June deadline, as well as collecting the papers and … Continue reading

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Basics about Super – Super rules for Employers

When an employer has staff, they have a legal obligation to provide Superannuation in most cases. Here we explain Superannuation in Australia, what we all need to retire comfortably, what we need in super to achieve it, how Self-Managed Super … Continue reading

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Basics about Super: Facts 6-10 about Aust. Super

Here are five more facts about the Australian Super system. (For the first 5 Basics 1-5 see earlier HERE) Investment Choices – While the big major super funds allow you to choose the level of risk that you want your … Continue reading

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