Monthly Archives: June 2011


Co-contribution and spouse contribution offset

Super co-contribution For those earning up to $61,920 the co-contribution provides a benefit of up to $1,000 from the government to your super fund. The maximum benefit applies to those earning up to $31,920 this financial year, reducing by 3.333c per $1 of income greater than this. To be eligible you need to make an [...]

2018-01-22T08:14:38+00:00 June 23rd, 2011|

Superannuation contributions splitting

Traditionally 5 Financial's recommendations for superannuation splitting have been based on moving contributions to the older person in a couple to maximise tax free superannuation benefits sooner. As a result of the recently announced changes in the federal budget we have had to alter our strategy. The Government announced in the budget that they would [...]

2018-01-22T08:14:38+00:00 June 23rd, 2011|