Everything you need to know about superannuation, from the basics of how funds work, extra payments, tax deductions & keeping them on track.
Superannuation
Your Tax and Finances: Money Tips | Budget and Savings | Superannuation | Rental Income
Find Lost Super – How to track down your superannuation and boost your retirement savings
Key Takeaways Finding and consolidating your lost super could significantly boost your retirement savings: Millions of Australians have more than one superannuation account (super fund). That can mean paying more fees leading to less superannuation for your retirement. The good news is that, these days, it’s easy to find lost superannuation accounts and combine them […]
APRA Super-fund or a Self-Managed Super Fund?
Choosing the Right Super Option for Your Unique Needs Self-managed super funds (SMSFs) are growing in popularity and more Australians are using them to build their retirement funds. What are SMSFs, and most importantly, are they worth it? Below we compare the two most popular options, self-managed and APRA-regulated funds. Definitions What is a Self-Managed […]
What do I need to know about Superannuation rules?
Your employer sets aside a portion of your income as superannuation, for you to access when you retire. Strict superannuation rules and mandatory fund contributions have put Australians’ retirement savings ahead of people in many other countries that have no required retirement contributions. Superannuation is fairly straightforward for most of us who earn a wage […]
How does your superannuation work?
Your superannuation questions answered. Just thinking the word ‘superannuation’ can make your brain spin. There are a lot of rules and limits to keep in mind. So, to answer some of your top superannuation questions, we take a quick look at how your super works. “Are my super contributions tax-deductible?” To learn more about super […]
Worried about job security? Up-skill to protect yourself!
Up-skilling to protect your existing job seems tough, but in recent years it’s become the norm across many industries. Plenty of jobs that used to be common just don’t exist anymore. When was the last time you saw a milkman doing the rounds? (Or, have you ever seen a milkman?) The flipside is that change […]
How much super do I need for a comfortable retirement?
Everyone has different ideas of how their retirement might ‘look’. How much super will be enough depends on many things, starting with what a ‘comfortable’ retirement looks like to you. You might want to travel or you may want to dine out every week at a fancy new restaurant. It could be that just want […]
Division 293 Tax
What is Division 293 Tax? Division 293 tax is an additional tax on concessional superannuation contributions for high-income earners in Australia. Its purpose is to reduce the tax advantage that wealthier individuals receive on their super contributions, making the system more equitable. Who It Applies To You may be subject to Division 293 tax if […]
$1,700 in Unpaid Super Every Year – Here’s What You Can Do About It
Would it bother you if your weekly or fortnightly pay was consistently 12% short? Once you noticed, would you do something about it? If you’re like most Australians, the answer would be a resounding “Yes!”. Here’s the scary part: this is exactly what’s happening to as many as one in three Australians. So, what’s the […]
Superannuation Co-Contribution: Get More Money for Your Super
Ever wonder how you can better prepare yourself for retirement? Low or middle-income earners can give your super a nice boost – with very little sacrifice! Read on to find out how you can take advantage of the Federal Government’s superannuation co-contribution scheme. What is it the government super co-contribution scheme? The super co-contribution scheme is […]
Low Income Super Tax Offset
If you’re a low-income earner, saving for your retirement can feel daunting. Fortunately, the Australian Government have some programs to help you prepare, including the Low Income Super Tax Offset (LISTO). What does the Low Income Super Tax Offset program offer? The Low Income Super Tax Offset is a government program to help low-income earners […]
Death and Taxes – What You Need to Do
Any death in the family is a very difficult time for all involved. Apart from the emotional burden, there are also a range of administrative tasks that need to take place after a bereavement. This death and taxes article covers the main steps family members should take to ensure tax obligations are met. Death […]
What are the maximum super contribution and tax rates?
When you know the super contribution limits and rates – and the different ways to add money to your super – you can boost your annual tax refund and save painlessly for your retirement. A healthy superannuation fund is an important part of planning for your retirement. Putting extra money into your superannuation is a great investment in your future. […]
Getting Married and Taxes: What you need to know for your next tax return
Marriage is an exciting and joyful time, but when it comes tax and your spouse, it’s also a source of confusion amongst taxpayers in Australia. At Etax, prospective newlyweds often ask us about the tax implications of getting married. Often, they want to know whether a joint tax return is needed when their relationship status […]
How to Claim Personal Super Contributions Tax
Invest in your future by adding money to your superannuation AND score some savings at tax time. Sounds great, right? Let’s cover how to claim your personal super contribution tax on your next return. Most Australians know that super is money for retirement. What’s less well known is: What is Super Contributions Tax? A personal […]
