Q&A: What to consider with unused concessional contribution tax claims?
Q: The bring forward concessional contributions tax claims. Are they still available and any other matters associated with such a tax claim?
Superannuation Q and As
Set out below are the latest guides that relate to superannuation q and as.
Q&A: I have over $3m in super so should I now consider a recontribution strategy?
What are the considerations in equalising spouse super balance in light of the proposed additional 15% tax on super balances over $3 million?
Q&A: What are the pros and cons of entering pension phase with accumulated losses for capital gains?
Given that in pension phase income is exempt from tax, I’m wondering about the pros and cons of entering into pension phase with accumulated losses for capital gains. Does it matter at all?
Q&A: I’m over 75. Can I make a super contribution?
The key here is the age restriction on making contributions to super. Really, from age 75, the only real contributions that can be made to super are what we call downsizer contributions.
Q&A: How can you reduce inheritance tax if you leave your super to your children?
This is something that we all want to know, right? We want to make sure that if we leave money to our kids, that they don’t get hit with tax on that money.
Q&A: Can I contribute to a grandchild’s super account?
Am I allowed to put money from my savings into my granddaughter’s super account?
Q&A: Can you make super contributions when you work overseas?
Non-residents can make super contributions, but check with the fund around their rules.
Q&A: How much can I contribute in year 4 of a bring-forward period?
If you contribute $30,000 short in the first three years, then in year four, are you able to contribute after tax of $110,000 plus the $30,000 short for all from years one to three?
Q&A: Do SMSFs perform better than industry funds?
This is difficult to answer because when you are comparing the performance of an industry fund to the performance of a self-managed super fund, it’s difficult to compare like for like.
Account-based pensions Q&A special (January 2022)
Aakash Mehta answers readers questions about account-based super pensions and when it’s appropriate to start one.
