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Money Doesn’t Come Without Guidance ...

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13
Jun

: LET’S SETTLE YOUR SUPPERANNUATION FUND

Want to earn more money before leaving Australia? Then workout your superannuation refund and claim your deducted salary from ATO. You, as backpackers or working holiday makers are international visit...

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13
Jun

EXPLAIN CHANGE IN ELIGIBILITY CRITERIA FOR CO-CONTRIBUTIONS

Super co-contribution is to help those people on lower or middle incomes to boost their retirement savings. The Australian Government has established the Superannuation Co-Contribution scheme for thes...

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13
Jun

EXPLAIN AN INDIVIDUAL'S TRANSITION TO RETIREMENT

Now you are able to draw down some of your super benefits while still working. The policy is known as the transition to retirement which allows you to maintain a comfortable lifestyle by supplementing...

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13
Jun

TIPS TO AVOID EXCEEDING THE CONCESSIONAL CONTRIBUTIONS CAP

No one wants to pay more tax than required, especially when it is due to unintentional mistakes that could have simply been avoided. This can happen when it comes to making superannuation contribution...

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13
Jun

WHY SHOULD YOU CARE ABOUT THE TIMING OF THE CONTRIBUTIONS?

Concessional Super Contributions are employer contributions (before tax) to super including compulsory employer contributions & salary sacrifice. At the begging of every financial year, Australian tax...

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13
Jun

TAX OFFSET FOR SUPER CONTRIBUTIONS ON BEHALF OF YOUR SPOUSE FROM 1 JULY 2017

In the 2016-17 Federal budget the government announced that from 1st July 2017, the threshold for the low-income spouse superannuation tax offset will be increased from $10,000 to $37,000. A taxpayer...

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13
Jun

HOW DOES REDUCTION OF CONCESSIONAL (PRE-TAX) CONTRIBUTIONS CAP AFFECT YOU?

Concessional (pre-tax) contributions refer to any contribution into taxpayer’s super fund. These contributions include employer contributions as well as personal contributions claimed as a tax deduc...

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13
Jun

HOW DOES LOWERING OF THE NON-CONCESSIONAL (POST-TAX) CONTRIBUTIONS CAP AFFECT YOU?

The non-concessional contribution is also known as after-tax contributions. After-tax contributions are super contributions for which an individual or employer hasn’t claimed a tax deduction. Non-co...

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13
Jun

CHOOSING THE RIGHT AMOUNT OF CONCESSIONAL SUPER CONTRIBUTIONS

If you want to boost your retirement savings, a great way is to make additional contributions to super. But there are some limits to how much extra you can put in. If you contribute above these limits...

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13
Jun

CHANGES IN TRANSFER BALANCE CAP FOR PENSION PHASE ACCOUNTS FROM 1 JULY 2017

On 27 September 2016, the Australian government recently released the second tranche of proposed superannuation changes of the balance cap for pension transfer. As per the proposal from 1 July 2017, t...

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13
Jun

CHANGES IN PERSONAL SUPER CONTRIBUTIONS DEDUCTION FROM 1 JULY 2017

The Australian Government in the 2016-17 Federal Budget announced that from July 2017 individuals aged under 75 years old will be eligible to claim an income tax deduction for personal superannuation ...

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13
Jun

ARE YOU ELIGIBLE FOR LOW INCOME SUPER TAX OFFSET CONTRIBUTION (LISTO)?

We all know that the Low Income Super Contribution (LISC) has been extended beyond June 2017 and named as Low Income Super Tax Offset (LISTO) as the Coalition government has enacted a new law which wi...

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13
Jun

ARE YOU ELIGIBLE FOR AUSTRALIAN SUPER INCOME STREAM TAX OFFSET?

If you have shown income from an Australian superannuation income stream on your tax return, you may be able to claim an offset on either 15% of the Taxed elements or 10% of the untaxed elements of yo...

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13
Jun

SUPERANNUATION CONTRIBUTION CAPS

The tax laws limit the amount of money you can voluntarily contribute to your super account on a concessional basis. This is achieved by setting the superannuation contribution limits (caps) which ope...

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13
Jun

WHAT IS DEPARTING AUSTRALIA SUPERANNUATION PAYMENT (DASP) AND WHO ARE ELIGIBLE FOR SUCH SUPER?

Departing Australian Superannuation Payment (DASP) is a super payment for those who have been working while visiting Australia on a temporary visa and earned super. This super payment has to be made a...

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13
Jun

LOST SUPER AND HOW TO FIND IT

Superannuation is paid to superfund and it remains there if superfund is unable to contact the respective person. It is very common to lose track of superannuation whenever someone have switched jobs ...

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13
Jun

SUPERANNUATION AND TAX ON SUPERANNUATION CONTRIBUTIONS

Superannuation Superannuation or Super is the approach of saving money for your retirement. This arrangement commences when you start working in an organisation. The fund invests in sectors like: sh...

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13
Jun

Are you eligible for Australian super income stream tax offset?

If you have shown income from an Australian superannuation income stream on your tax return, you may be able to claim an offset on either 15% of the Taxed elements or 10% of the untaxed elements of yo...

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