Happy new (financial) year! In this special newsletter we’ve updated allSuperGuidearticles covering the key rules, regulations, rates and thresholds for the 2024-25 financial year and highlighted the major changes that take place from 1 July 2024.
Some of the key changes include:
- Superannuation guarantee increases from 11% to 11.5%
- Concessional contributions cap increases to $30,000
- Non-concessional contributions cap increases to $120,000
- Preservation age reaches 60
- Income tax stage 3 cuts take effect
- Thresholds for Age Pension assets and income tests increase
2024-25 SUPER AND PENSION RULES
Superannuation rule changes from July 2024(and previous years)
Navigating your way around the constant rule changes in the super system is tricky, so here’s our annual list of the modifications you need to know about. Read more.
Superannuation rule changes from July 2024(and previous years)
Navigating your way around the constant rule changes in the super system is tricky, so here’s our annual list of the modifications you need to know about. Read more.
Key superannuation rates and thresholds for 2024-25
A new financial year brings updated thresholds for a range of super measures. Take a look at the new numbers to check for opportunities. Read more.
Key superannuation rates and thresholds for 2024-25
A new financial year brings updated thresholds for a range of super measures. Take a look at the new numbers to check for opportunities. Read more.
Minimum pension drawdown rates and calculator
Once you start a retirement income stream, minimum annual payments are calculated on your account balance on 1 July each year, multiplied by a percentage factor that increases as you… Read more.
Minimum pension drawdown rates and calculator
Once you start a retirement income stream, minimum annual payments are calculated on your account balance on 1 July each year, multiplied by a percentage factor that increases as you… Read more.
What age can I access my super (Preservation Age)?
There are a series of hurdles you need to clear before you can access your super. The first is your age. Read more.
What age can I access my super (Preservation Age)?
There are a series of hurdles you need to clear before you can access your super. The first is your age. Read more.
2024-25 SUPER CONTRIBUTIONS GUIDES
Concessional super contributions guide (2024-25)
Concessional contributions make up most of the money going into your super account, so it’s important to understand what these are and how they work. Read more.
Concessional super contributions guide (2024-25)
Concessional contributions make up most of the money going into your super account, so it’s important to understand what these are and how they work. Read more.
Superannuation Guarantee contributions rate and rules
With Super Guarantee (SG) contribution rates changing again, it pays to understand the rules and the rate your employer is required to pay in 2024-25. Read more.
Superannuation Guarantee contributions rate and rules
With Super Guarantee (SG) contribution rates changing again, it pays to understand the rules and the rate your employer is required to pay in 2024-25. Read more.
How carry-forward (catch-up) super contributions work
If you haven’t used all your concessional contributions cap in recent years you can use them to play catch-up and get a handy tax concession to sweeten the deal. We… Read more.
How carry-forward (catch-up) super contributions work
If you haven’t used all your concessional contributions cap in recent years you can use them to play catch-up and get a handy tax concession to sweeten the deal. We… Read more.
Non-concessional super contributions guide (2024–25)
Making a personal contribution into your super can be a great way to boost your retirement nest egg and enjoy the tax-effective benefits of the super system. Read more.
Non-concessional super contributions guide (2024–25)
Making a personal contribution into your super can be a great way to boost your retirement nest egg and enjoy the tax-effective benefits of the super system. Read more.
A super guide to the bring-forward rule
Using the bring-forward rule is a great way to put a larger contribution into your super account in a single year. Here’s what you need to know about the rules. Read more.
A super guide to the bring-forward rule
Using the bring-forward rule is a great way to put a larger contribution into your super account in a single year. Here’s what you need to know about the rules. Read more.
AGE PENSION CHANGES
Age Pension assets test rules (from July 2024)
This article details the rules and limits of the Age Pension assets test (how much your savings and other assets are worth), which is one half of the means test… Read more
Age Pension assets test rules (from July 2024)
This article details the rules and limits of the Age Pension assets test (how much your savings and other assets are worth), which is one half of the means test… Read more
Age Pension income test rules (from July 2024)
A common question for those nearing or in retirement is “How much can a pensioner earn before it affects the pension?”. Read more
Age Pension income test rules (from July 2024)
A common question for those nearing or in retirement is “How much can a pensioner earn before it affects the pension?”. Read more
Deeming rates (and calculator) for the Age Pension income test
Under the deeming rules, you are ‘deemed’ to earn a certain annual rate of return on your financial assets, regardless of the rate of return you actually earn. Read more.
Deeming rates (and calculator) for the Age Pension income test
Under the deeming rules, you are ‘deemed’ to earn a certain annual rate of return on your financial assets, regardless of the rate of return you actually earn. Read more.
Age Pension calculator (July 2024 update)
Our Age Pension calculator gives you an estimate of your potential Age Pension entitlements based on your situation, assets and income. Read more.
Age Pension calculator (July 2024 update)
Our Age Pension calculator gives you an estimate of your potential Age Pension entitlements based on your situation, assets and income. Read more.
INCOME TAX
Australian income tax brackets and rates (2024-25 and previous years)
Now that the stage 3 tax cuts are law, most Australians will receive a tax cut in 2024-25. Until then, existing income tax rates and thresholds apply. Read more.
Australian income tax brackets and rates (2024-25 and previous years)
Now that the stage 3 tax cuts are law, most Australians will receive a tax cut in 2024-25. Until then, existing income tax rates and thresholds apply. Read more.
Income tax calculator (2023–24 and 2024–25)
Enter your taxable income for 2023-24 or 2024-25 and the calculator will show you what offsets you may be eligible for, as well as your marginal tax rate and how… Read more.
Income tax calculator (2023–24 and 2024–25)
Enter your taxable income for 2023-24 or 2024-25 and the calculator will show you what offsets you may be eligible for, as well as your marginal tax rate and how… Read more.
Important: All information on SuperGuide is general in nature only and does not take into account your personal objectives, financial situation or needs. You should consider whether any information on SuperGuide is appropriate to you before acting on it. If SuperGuide refers to a financial product you should obtain the relevant product disclosure statement (PDS) or seek personal financial advice before making any investment decisions.
