Retirement Archives - Page 2 of 2

Australian Aged Pension Rates 2014

The Australian Aged Pension was increased on 20th March 2014, and the new FORTNIGHTLY rates are now: SINGLE PERSON $766.00 Base $ 62.90 Supplement $ 13.90 Clean Energy Supplement $842.80 Total This is an Increase… Read the rest

Salary Sacrifice and Compulsory Super

Compulsory Super is the 9.5% (from July 2014) that an employer must pay you on top of your taxable wages. Salary Sacrifice can cover among other things, a contribution to your own Super. Add the… Read the rest

Compulsory Superannuation Scheme in Australia

The minimum Superannuation contribution from your Employer is rising to 9.25% from July 2013. The majority of Workers in Australia, have had individual Superannuation schemes since 1992 when the Compulsory Superannuation Scheme was first set up. From 1 July 2013… Read the rest

Superannuation information for temporary residents departing Australia

The vast majority of workers in Australia, will have superannuation (super) contributions paid by your employer into a super fund of your choice. This is to provide your financial benefits when you retire. However, if you are not staying in… Read the rest

Superannuation and Retirement in Australia

Superannuation and Retirement in Australia A good website to view is www.seniors.gov.au where I found this quote: There is no statutory retirement age in Australia. www.britzinoz.com/compulsory-superannuation-scheme-in-australia In prior years, very few Australians over 50 waited until qualifying for the Age… Read the rest

Superannuation owed to British Working Holiday Visa Holders

Superannuation owed to British Working Holiday Visa Holders in Australia

Recent reports that the Australian Superannuation scheme is holding about $5.4 billion of unclaimed superannuation money in about 6.1 million accounts, makes me wonder how much of this Superannuation is… Read the rest