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Edition: 60

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Edition 60

  • 2 May 2014

Super funds should report your future income not a lump sum, the new Division 293 tax on super, the complexities of pension reform and Q&A on lifetime annuities versus indexed bonds.

Super funds fail clients by not reporting retirement income

A simple yet effective improvement to Australia’s superannuation system would be the uniform reporting of projected retirement incomes to keep individuals focused on building enough super for their twilight years.

Beware Division 293 tax on superannuation contributions

Division 293 tax has arrived and many high income earners have already received an unexpected tax assessment on their super contributions. Find out the details and whether this new tax will affect you too.

Pension eligibility age: the devil in the detail

Tightening pension eligibility is not as simple as just upping the age limit. There are valid arguments for and against any increase and it will depend on the details whether it will be good policy or not.

Status, longevity and the age pension

Any change to the pension eligibility age should consider the differing situations that influence an individual’s working life, health and mortality. If a labourer can’t work beyond 60 it’ll be a long wait to access a pension.

Extracts from the National Commission of Audit

The National Commission of Audit report released yesterday will influence government policies for many years, and it makes some radical suggestions on entitlements and eligibility.

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Meg on SMSFs: First glimpse of revised Division 296 tax

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