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The Superannuation Co-Contribution – How To Get An Extra $500 Superannuation For Free

I am so excited – this year I qualify for the government’s superannuation co-contribution scheme and I am absolutely going to take it up!!  Let’s face it, there are not many ways you can get $500 for free, particularly from the Government!!!  However, this is one of them and it is really easy!!! Who would have thought!!!

So here is how you do it!  Pretty much to qualify for the full benefit of $500 you have to earn less than $33,516 and put an after-tax contribution of $1000 into your superannuation fund by the 30th of June 2014.  As long as you have put the contribution into your fund and you file your tax-return, the $500 will automatically be paid into your fund by the government.  (Click here to see the full criteria).

If you earn between $33,516 and $48,516, you will still get […]

By |June 19th, 2014|Superannuation|13 Comments

Your Superannuation And Your Children: One Thing You Really Should Know

OK, here is a bit of a morbid one and it is something most people don’t like to think about but have you thought about what will happen to your superannuation should you die? Most people assume that their superannuation will pass to their beneficiaries as per their will, but this is not necessarily the case.  In fact, your superannuation does not always automatically form part of your estate should you die.  Surprised?

This is because superannuation is held in a trust structure and a Trustee manages your superannuation money on your behalf.  Who this is depends on the type of fund you have.  For an employer scheme this is often a large institution, for self managed funds, it could be a person or a private company.  When a member of the fund dies, the trustee of the super fund often has discretion to pay out the entitlements as the Trustee sees […]

By |June 19th, 2013|Superannuation|1 Comment