Browse Forums Ideas Box Re: Superannuation Forum - is there one? 9Sep 22, 2010 6:13 pm I looked some stuff up for you today at work... thought I'd log in at lunchtime and do a quick post, but our ridiculous security blocks everything, and it seems the pop-up ads now make it all paranoid, so all I get is a blank screen. Dammit. Anyway, here's some stuff I found: FIDO (on ASIC’s website) – Super Decisions. http://www.fido.asic.gov.au/fido/fido.nsf/byHeadline/Super%20decisions%3A%20step%20by%20step%20guide%20through%20super%20maze Lots of info here. Look at transferring your funds elsewhere if your super isn’t performing for you. Retirement Savings Accounts (banks have them) are an option for low balances – and your super won’t be eaten away by fees. If you have a decent amount sitting in your account though, you ought to be able to park it somewhere that will give a good return – and if you can add a little extra, it’ll do even better in the long run. Superannuation spouse contribution tax offset http://ato.gov.au/individuals/content.asp?doc=/content/19144.htm&page=1&H1 $20 per week = $1040 contributed Entitles the person making the payments on your behalf to a tax offset of $188. So the effective cost of the $1000 contributions is only $852. (Maximum offset is $3000, which would require contributions of over $16,000) Superannuation co-contribution http://ato.gov.au/individuals/content.asp?doc=/content/00109242.htm&page=4&H4 If you do some casual/part time work during the year and earn only a few thousand, and you contribute $1000 to your super fund, you get a bonus $1000 co-contribution from the government. If you contribute less, you only get the equivalent amount in co-contributions. There you go! Re: Superannuation Forum - is there one? 11Jun 07, 2012 11:10 am Thought I'd revive this topic as it's almost the end of the financial year. Did you know that until 30 June if you are over 50 you can contribute up to $50,000 into your super? From July 1 that is scaling back to $25,000 .... and do you know why, so the government can save a whole lot of money to help with the "surplus' they are forecasting I also looked up one of the super calculators on the net and discovered that the more I salary sacrifice to super the more I finish up with in my pocket .. it's worth looking at. It also helps to bring down the amount of tax you have to pay ... For info on our build: viewtopic.php?f=31&t=43093 Built the McLaren by Dechellis - slab down 22 Feb - handover 30 Aug 2011 - and gardens finished 9 Dec 2012!! In Victoria you cannot put a caveat on arising from a domestic building contract. 65 114054 They already have two well known ones (HIA & MBA) that many new home buyers mistakenly think are regulatory bodies that Joe Public can complain to. 6 18777 I also notice that most the builds in Australia are really simplistic when it gets to the interior design and lighting design. Most of the builds are just offering off the… 3 2084 |