Ways of contributing to your spouse’s super There are 2 ways of contributing to your spouse’s super: Splitting your contributions with your spouse Some super funds allow you to split your contributions with your spouse. When and how to apply You can generally apply to split your contributions with your spouse after the end of the…
For clients holding older, asset test-exempt superannuation pensions, known as legacy pensions, there are significant changes ahead. These pensions, once popular for their generous Centrelink treatment, have long been difficult to alter without risking unintended financial consequences. But recent government updates have created a window of opportunity, along with a clear warning: don’t move too…
Self-managed superannuation funds (SMSFs) have long been associated with older Australians and small business owners looking for greater control over their retirement savings. But recent data suggests the sector is undergoing a quiet transformation. Alongside tax reforms and persistent compliance challenges, younger people are slowly moving into the SMSF space. While 85 per cent of…
When and how you can access your super to start an account-based pension. If our working years can be regarded as the time when we aim to build up our superannuation savings, our retirement years can equally be regarded as the time when we aim to spend them. At least that’s the objective for most…
With the new financial year comes a fresh wave of superannuation changes that could make a real difference to your retirement savings. Let’s unpack what’s changing – and how to make the most of it. The SG rate hits 12% One obvious lift to retirement incomes is the increase in the Super Guarantee (SG) rate…
Do you have a plan for who will receive your super if something happens to you? For many Australians, superannuation is their greatest asset outside the family home. But do you have a plan for who will receive your super if something happens to you? The laws around super death benefits are complex, with strict…
The super changes coming into effect in the 2025-26 financial year Australian superannuation laws are set to change once again in the 2025-26 financial year as the nation’s fast-growing retirement savings system continues to evolve. Below is a summary of the changes that will come into effect from 1 July, 2025, as well as looming…
As the federal government moves to introduce a new 15 per cent tax on superannuation earnings above $3 million (known as Division 296 tax), concerns and debates have emerged about the broader implications for investment strategies, retirement planning, and even the property market. It is intended that once passed by Parliament, the new tax –…
Check your super When you start to plan for retirement, you’ll need to check your super: You can do this in 5 simple steps with the ATO’s super health check. For most people it only takes a few minutes. It’s important to know your total super balance and contributions caps, especially if you plan to contribute to your super. When…
More than half of us set a new financial goal at the beginning of 2025, according to ASIC’s Moneysmart website. While most financial goals include saving money and paying down debts, the months leading up to 30 June provide an opportunity to review your super balance to look at ways to boost your retirement savings….