When a superannuation fund member satisfies a condition of release such as retirement, they may start to make withdrawals by lump sum/s, income stream, or a combination of the two. In this...
Income stream
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Superannuation Articles
Super Death Benefit
Super Death Benefit A superannuation death benefit is a payment from a super fund to a person or to a trustee of a deceased estate after the member has died. The tax treatment of a super...
First Home Super Saver Scheme
First Home Super Saver Scheme The First Home Super Saver Scheme (FHSS Scheme) was launched to help individuals save for their first home by allowing them to build up superannuation savings to...
Ordinary Time Earnings
Ordinary Time Earnings What is ordinary time earnings? Ordinary time earnings (OTE) is the amount paid to employees for their ordinary hours of work. OTE includes payments such as commissions...
Super Contributions
Super Contributions Super guarantee contributions Employers are required to pay super guarantee (SG) contributions for their employees. For the 2023-24 financial year, employers are required to...
Departing Australia Superannuation Payment
Departing Australia Superannuation Payment What is a Departing Australia Superannuation Payment (DASP)? Special taxation arrangements exist in Australia for superannuation benefits paid to former...
Super Guarantee Charge
Super Guarantee Charge The superannuation guarantee charge (SGC) is applied where an employer fails to meet super guarantee obligations either by paying employee superannuation entitlements...
Super – Conditions of Release
Super – Conditions of Release For many individuals, their superannuation is their largest source of savings. So when can you access your super? The key tenet of the entire superannuation...
Superannuation Lump Sum
Superannuation Lump Sum A superannuation lump sum payment includes a: lump sum member benefit paid to an individual where a condition of release has been satisfied – for example, retirement,...
