Free superannuation money

The superannuation co-contribution that the government makes to the superannuation accounts of eligible contributors attracts a lot of attention and publicity towards the end of each financial year - and its free superannuation money. We wrote about it in an article previously but, as the end of the eligible contribution period for getting money in to your superannuation trustee, we are running a reference to that article again. Government co-contribution is free money [...]

Budget Highlights 2011

Budget Highlights 2011 is almost a misnomer: the content of the Budget this year was 'highly anticipated'. The Commonwealth Treasurer of the day, The Hon Wayne Swan delivered a Federal Budget for 2011-12, that contained no major surprises. The Government confirmed a range of previously announced tax, super and social security policy changes and introduced some new measures that could impact some investors. Below we have listed some of the key announcements [...]

By |2018-01-02T20:40:59+10:00May 11, 2011|Market Updates|0 Comments

Superannuation Co-Contribution

At the time of original posting of this article a superannuation co-contribution is available from the Government. Superannuation fund members who make a personal after tax superannuation contribution during the financial year, are eligible for a co-contribution of fifty cents for each dollar of such contribution, up to $500. Using this strategy, a superannuation investor can generate a 50% tax free return on their contribution investment within one year. In [...]

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