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Superannuation

Business news and views from Accountancy Group

Divorce, Superannuation and the Gender Divide

New legislation will help prevent superannuation assets from being hidden during divorce proceedings.

From 1 April 2022, the Australian Taxation Office (ATO) will be able to release details of an individual’s superannuation information to a family law court.The recently enacted laws are designed to ensure that there is procedural and economic […]

By |13 September, 2021|Superannuation|Comments Off on Divorce, Superannuation and the Gender Divide

What changes on 1 July 2021?

Super guarantee rate increase to 10%

On 1 July 2021, the Superannuation Guarantee (SG) rate will rise from 9.5% to 10% – the first rise since 2014. It will then steadily increase each year until it reaches 12% on 1 July 2025.The 0.5% increase does not mean that everyone gets an […]

By |2 June, 2021|Superannuation|Comments Off on What changes on 1 July 2021?

The July 2021 Superannuation Changes

Changes from 1 July 2021 will impact on how much money you can contribute to superannuation and how much you can have in your retirement phase superannuation account.

In general, your superannuation is either in an accumulation account (when you are building your super), a retirement account (when you meet preservation […]

By |7 April, 2021|Superannuation|Comments Off on The July 2021 Superannuation Changes

What happens to your super when you die?

The general rule is that superannuation is not part of your estate unless you expressly make it part of your will, right?  Well, maybe not. A recent case before the courts serves as a warning to make sure that you take care of the details.

Generally, superannuation is passed directly to […]

By |1 November, 2014|Superannuation|0 Comments
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