Superannuation Tax Changes at Age 60: What You Need To Know [Australia]
SuperGuy SuperGuy
26.5K subscribers
268,764 views
0

 Published On Mar 16, 2024

Learn everything you need to know about tax on super after age 60, ensuring you don’t pay any unnecessary taxes. Plus, bonus tips on strategies designed to reduce tax.

😎 BECOME A SUPERGUY INSIDER (100% free) 😎
Access advanced tutorials, bonus training, and exclusive super tips! ► https://www.superguy.com.au/super-tips/

🔔 SUBSCRIBE FOR MORE VIDEOS
►    / @superguyau  

📈 Resources to boost your super & build your own retirement plan:
► How Much Super Do You Need to Retire Comfortably: https://bit.ly/364JN5h
► How Long Will My Money Last in Retirement: https://bit.ly/3hcIibz
► How Much Super Should You Have: https://bit.ly/3hpcFu1
► How Much Can You Contribute to Super? https://bit.ly/3jBLH5k
► When Can You Access Your Super: https://bit.ly/3htrlIC
► Should You Withdraw Super to Pay Debt: https://bit.ly/3hbtr0V
► When Can You Access Your Super Tax Free: https://bit.ly/3h95JCh
► How Much Super Do You Need to Retire At 60: https://bit.ly/3dzy1E1

- Related Content -

► TRANSITION TO RETIREMENT STRATEGY    • Transition to Retirement Strategy: In...  
► CARRY-FORWARD CONCESSIONAL CONTRIBUTIONS
https://superguy.com.au/superannuatio...

⏱ Timestamps
00:00 – Superannuation Tax Changes at Age 60
01:00 – Types of Taxes
01:48 – Contributions Tax
02:51 – Tax on Pension Payments
05:03 – Tax on Lump Sum Super Withdrawals
05:41 – Tax on Superannuation Investment Earnings
08:08 – Tip 1: Carry-Forward Concessional Contributions
09:07 – Tip 2: TTR Strategy

😍 Like this video? Please hit the thumbs up button👍 and leave us a comment below. ⏬

-- Superannuation Taxes After Age 60 Explained --

Understanding superannuation taxes, including how and when they apply, can be difficult. If you’re 60 or over, there’s a good chance you’re paying more tax than you should be.

Once you attain age 60, there are a few ways that tax on superannuation changes and ways that you can utilise the tax rules to your advantage.

This video covers the four main types of taxes applying to people in their 60s and how reaching age 60 affects such taxes. The types of taxes we’ll be covering include contributions tax, tax on pension payments, tax on lump sum withdrawals and investment earnings tax.

After that, I’ll be showing you how carry-forward unused contributions, as well as a transition to retirement strategy can provide you with huge tax benefits.

#SuperGuy #ChrisStrano #Superannuation #RetirementPlanning

DISCLAIMER: This SuperGuy YouTube channel includes general information only. It is not personal advice as it does not take your specific needs or circumstances into consideration. Therefore, you should look at your own financial position, objectives and requirements and seek personal financial advice before making any financial decisions. General advice is provided by Toro Wealth Pty Ltd trading as SuperGuy Retirement Experts as an Authorised Representative of Core Value FA Pty Ltd (AFSL 480387). All figures, rates, dates, caps and thresholds relating to this video were correct at the date of upload, but may have since changed. Read the full disclaimer prior to watching this video: http://www.superguy.com.au/general-ad...

show more

Share/Embed