Super contributions are normally taxed lightly, but this doesn't extend to so-called high income earners. They are subject to the Division 293 tax.
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How to buy a home with Bitcoin, the catch with super-cheap houses selling for $347, and the latest twist on the Bank of Mum and Dad. Here are five things you may have missed this week.
"What are your thoughts on sequencing/buckets versus dollar cost averaging when drawing down super?" Helen asks Paul Clitheroe.
"We are self-funded retirees in our late sixties. We have nothing in super as we didn't want to pay the associated fees," Julie tells Paul Clitheroe.
This seemingly modest lift of half a percent to 12% will, over time, change the outcome for millions of Australians who haven't even started thinking about retirement.
Retiring and never working again might be the dream but it's rarely reality. In practice, many Aussies need to keep on working. Here's what it means at tax time.
Qantas said no credit card details were compromised in its June 30 data breach, but angry Aussies have pointed out the problem with this apology.
The latest Australian Taxation Office data has revealed the average super balances for men and women and across age brackets.
The age pension can be a crucial part of the financial mix in retirement, but as we discuss this week on Friends With Money, many retirees aren't unlocking its full potential.
What's new from July 1? A new financial year rings in a raft of changes in Australia. Here's how your money could be impacted.
