The Commonwealth has enacted new laws to enable superannuation splitting for separating de facto couples in Western Australia. The amendments to the Family Law Act 1975 formally mark the Commonwealth's acceptance of WA's limited referral of power in relation to superannuation splitting only. All other aspects of Western Australian family law property proceedings for de … Continue reading Superannuation splitting for WA de factos
Negative inflation means no change for ComSuper indexed pensions in January 2021
ComSuper indexed pensions will increase by at least 1.0% from July 2020. The increase will apply to indexed pensions payable from the Commonwealth Superannuation Scheme (CSS), Public Sector Superannuation Scheme (PSS), and Military Superannuation and Benefits Scheme (MSBS or MilitarySuper).
Canberra gives green light to ADF Super changes
Federal Parliament has approved amendments to the Commonwealth's newest superannuation scheme, the Australian Defence Force Superannuation Scheme (ADF Super), to allow employer contributions for members after they leave the ADF.
Regulator “heatmap” flags Australian Government schemes for high fees
Two of the Federal government's newest superannuation funds have been flagged for high fees according to the first MySuper 'heatmap' released last month by the Australian Prudential Regulatory Authority (APRA).
Senate to decide on amnesty for $2.8 billion superannuation cheats
Australian Parliament is debating draft laws giving eligible employers an amnesty to pay billions of dollars worth of overdue employee superannuation guarantee liabilities.
Notional defined benefit contributions
Do you understand how your defined benefit contributions count towards your concessional contributions cap? If not, read on.
Total super over $1.6m… Watch out!
From 1 July 2017, the annual limit on after-tax contributions dropped to $100,000 for most people and zero for individuals with total super balances of $1.6 million or more.
Concessional contributions from July 2017
The limit on low tax super contributions is dropping to $25,000 for everyone from 1 July 2017. Are you ready for it?