Significant Event Notices – from the NSF Super Trustee
The NSF Super Trustee recently issued Significant Event Notices (SEN) relating to changes to investment options, fees & costs, and insurance premiums and terms from 1 July 2015.
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In 1992, the government made superannuation compulsory to ensure that every working Australian saved for their retirement. The policy aimed to address the challenge of retirement income in three ways.
Government legislation allows your spouse to make spouse superannuation contributions for you if you earn up to $40,000, and claim a tax offset. If you earn below $37,000, your spouse can claim the maximum tax offset of $540 when they contribute at least $3,000 to your super. Find out more.
The Australian Taxation Office (ATO) has released the key superannuation rates and thresholds for the 2019 - 2020 financial year.