There is now a limit to the total amount of superannuation that you can transfer into a pension account, where your investment earnings (including capital gains) are tax-free.
Updates on super
Non-concessional contributions are generally those contributions that you make to super from your after-tax income.
Concessional contributions are generally those made from your pre-tax income, such as those made by your employer or via salary sacrifice.
Here’s some good news for Suncorp Brighter Super and Suncorp Everyday Super customers. You can now link Suncorp Bank Internet Banking with your super account if you’re a Suncorp Bank customer.
Our investment manager, Ibbotson explains how recent market fluctuations is nothing out of the ordinary and provide their views on investment strategy.
In past years, stock markets have experienced a lift in December as investors increased trading in the lead up to the year end. This phenomenon is aptly named – the Santa rally.
Superannuation can be a complex area, but by doing a few simple things, you can help ensure you make the most of your super and avoid some pitfalls along the way. What you do now, may make all the difference to your finances in the short term and your retirement in the future.
While markets began the second quarter of 2015 with a bullish bias, this was quickly erased by fears about the Greek and Chinese markets. This weighed down the performance of the local and global equities markets for most of the quarter.
How many times have you changed jobs, moved house or changed your name? For many of us the answer will be plenty of times. Every time you make one of these switches it’s easy to forget to bring your super with you.