Archive for May 2018

When you start a superannuation account-based pension, you must withdraw a minimum amount each financial year to secure a tax exemption for the investment earnings on the fund assets financing your super pension. The minimum pension payment amount, payable for the financial year, is based on your age and the size of your account balance.…

Substantial changes to the superannuation rules took effect from 1 July 2017: have you investigated how the super changes will affect your superannuation and retirement plans for the 2017/2018 year, and for future financial years?  It is also very important to ensure that you make the correct super contributions. At the same time, many of…