Superannuation splitting between spouses now permitted

Contributions made to a superannuation fund (including Self Managed Superannuation Fund) or retirement savings account from 1 January 2006 can be split and transferred into a spouse’s superannuation. » full story

SMSFs and defined benefit pensions

A Self Managed Superannuation Fund cannot commence a new defined benefit pension after 31 December 2005. » full story

Super co-contribution

The Super Co-contribution is an Australian Government initiative to encourage individuals to save for their retirement. If you are eligible and make personal super contributions, the Government will match your contribution with a Super Co-contribution up to certain limits. » full story

Superannuation surcharge abolished

The Superannuation Laws Amendment (Abolition of Surcharge) Act 2005 (received royal assent on the 12 August 2005) abolishes the surcharge payable on individuals' surchargeable superannuation contributions, and eligible termination payments from the 2005-06 financial year. » full story

Choice of fund

Choice of superannuation fund is a new law that commenced on 1 July 2005 that gives many employees the right to choose which superannuation fund will receive their employer superannuation contributions. » full story