October - 2015

ToppTunbridge Financial Advisers Melbourne

Super Contribution Splitting

Super Contribution Splitting

Superannuation contribution splitting means that you can split some superannuation contributions made in the previous financial year to your spouse’s superannuation account. It is a way for your spouse to accumulate their own superannuation, even if they have a low income or they are not working. Splitting your superannuation contributions will give you and your spouse more choices in how to prepare for your retirement. HOW DOES IT WORK? You can split contributions with your

Superannuation - Anti Detriment Payments

What is an anti-detriment payment? An anti-detriment payment is an additional lump sum amount which is paid out with the superannuation account balance of a deceased member. This payment can only be made to a spouse or child (including an adult child) of the deceased member. In some circumstances a death benefit paid to the estate of a deceased member can include the anti-detriment payment. If the proceeds of the estate (or a portion of the proceeds) will be distributed to a

Combining Superannuation Accounts

Combining Superannuation Accounts

Throughout your working life it is unlikely that you will remain with the one employer until retirement. Consequently, as you change employment, it is likely you will accumulate several superannuation funds. Having a number of superannuation funds may result in: additional fees difficulty keeping track of your funds maintaining a suitable investment strategy This may not be the best scenario for your retirement savings. Consolidation (aggregation) is the combining of two or m

Superannuation - Spouse Contributions

Superannuation - Spouse Contributions

Spouse contributions were introduced by the Government as a means of building superannuation assets for people who had been out of the workforce for an extended period. Simply, the regulations allow you to make a contribution into superannuation on behalf of your spouse. Contributions on behalf of a spouse under 65 may be made regardless of the spouse’s employment status, but once the spouse is 65 they must be gainfully employed on at least a part-time basis during the financ

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