Super
Oracle
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Federal budget
(1)
2021 Federal Budget - Summary of announcements
(1.0)
A. What to consider as an employer
(1)
Superannuation Guarantee and Awards
(1.1)
Key features of the SG system
(1.2)
SG rates
(1.3)
Timing of SG contributions
(1.4)
The Superannuation Guarantee Charge (SGC)
(1.5)
Superannuation guarantee amnesty
(1.6)
Single touch payroll
(1.7)
Choice of fund
(1.8)
How Super Choice works
(1.9)
MySuper
(1.10)
Tax deductions for employer contributions
(1.11)
Inactive accounts
(1.12)
Getting money into super
(2)
What is a superannuation contribution
(2.1)
When a superannuation contribution is made?
(2.2)
Who is eligible to make super contributions
(2.3)
Work test
(2.4)
Age restrictions on contributions
(2.5)
Employer contributions
(2.6)
Member contributions
(2.7)
Low income super income tax offset (LISTO)
(2.8)
Government Co-contribution
(2.9)
Salary sacrifice contributions
(2.10)
First home super saver scheme
(2.11)
Downsizer contributions
(2.12)
MySuper
(3)
What is MySuper
(3.1)
MySuper and super choice
(3.2)
MySuper in practice
(3.3)
MySuper investments
(3.4)
How to compare super products and funds
(3.5)
What features to compare?
(3.6)
Can an employee join any MySuper product or super fund?
(3.7)
Is not-for-profit better?
(3.8)
Lifecycle superannuation products
(3.9)
What are the benefits available from a super fund?
(3.10)
Concessional contributions
(4)
Types of concessional contributions
(4.2)
Concessional contributions carry forward
(4.3)
Additional 15% tax for high-income earners (Division 293)
(4.4)
Release of excess concessional contributions
(4.5)
Constitutionally protected funds
(4.7)
Defined benefit schemes
(4.8)
Non-concessional contributions
(5)
Non-concessional contribution
(5.1)
Non-concessional cap
(5.2)
Definition of work test
(5.3)
Bring-forward arrangements
(5.4)
Personal injury contributions
(5.5)
Excess non-concessional contributions
(5.6)
Tax and other useful facts
(6)
Summary
(6.1)
Super lump tax (member benefits)
(6.2)
Super income stream
(6.3)
Death benefit payments
(6.4)
Employment related payments (ETP)
(6.5)
Income stream annual drawdowns factors
(6.7)
Life expectancy table
(6.8)
Government co-contributions
(6.9)
Super guarantee
(6.10)
Maximum contribution base
(6.11)
Concessional contributions cap
(6.12)
Non-concessional contributions cap
(6.13)
Bringing forward non-concessional contributions
(6.14)
Condition of release
(7)
Releasing benefits
(7.1)
Accessing preserved superannuation benefits
(7.2)
Preservation age
(7.3)
Conditions of release
(7.4)
Reaching age 65
(7.5)
Permanent retirement
(7.6)
Terminal medical condition
(7.7)
Permanent incapacity
(7.8)
Severe financial hardship
(7.9)
Compassionate grounds
(7.10)
Temporary residents permanently departing Australia
(7.11)
Preserved benefit less than $200 upon termination
(7.12)
First home super saver scheme
(7.13)
Compulsory cashing of benefits upon death
(7.14)
Total super balance
(8)
What is the total superannuation balance?
(8.1)
How is superannuation balance calculated?
(8.2)
Transfer balance cap
(9)
Indexation of the general transfer balance cap
(9.1)
What is the cap?
(9.1)
Transfer balance account
(9.2)
Transfer balance account - credits
(9.3)
Transfer balance account - debits
(9.4)
Excess on the transfer balance cap
(9.5)
Insurance within super
(10)
Insurance within super
(10.1)
Type of insurances
(10.2)
Term life insurance
(10.3)
Total and Permanent Disablement Insurance
(10.4)
Income protection
(10.5)
Who owns the insurance policy?
(10.6)
Funding premiums inside superannuaiton
(10.7)
Taxation of insurance through super
(10.8)
Trauma insurance
(10.9)
Insurance in super and low-balance or inactive accounts
(10.10)
Taxation of superannuation funds
(11)
How is the super fund taxed?
(11.1)
The importance of tax file number (TFN)
(11.2)
Tax on a non-complying fund
(11.3)
Capital gains tax concessions for small business
(12)
Overview
(12.1)
a CGT Concessions for small business - order of application
(12.1)
Lifetime CGT cap
(12.2)
Basic conditions
(12.3)
Small business 15-year exemption
(12.4)
Small business 50% active asset reduction
(12.5)
Small business retirement exemption
(12.6)
Small business rollover
(12.7)
CGT cap contributions
(12.8)
Transition to retirement
(13)
What is transition to retirement (TRIS)
(13.1)
Key features of TRIS income streams
(13.2)
What are the tax advantages of a TRIS?
(13.3)
How a member can benefit from TRIS
(13.4)
Restrictions on withdrawals from a TRIS
(13.5)
When is a TRIS in the retirement phase?
(13.6)
Reversionary TRIS
(13.7)
Retirement income streams
(14)
Income streams
(14.1)
How much income is needed?
(14.2)
Types of retirement income streams
(14.3)
Account-based minimum drawdowns
(14.4)
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Retirement income streams