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Super

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Changes to Preservation Age

Since 1 July 2024, the age at which individuals can access their superannuation increased to age 60.So what does this mean for those planning on accessing their superannuation upon reaching this age?

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Your Super Comparison Tool

YourSuper comparison tool

Are you ready to take control and compare your superannuation fund’s performance against other funds? You might be in luck if you have a MySuper fund as the ATO’s YourSuper comparison tool can help you compare different MySuper products and choose a superannuation fund that meets your needs.

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Taxstore2 July 2022 7

Accessing your super early

The key purpose of superannuation is to provide individuals with benefits for their retirement, which is when most people will access their superannuation savings. But, in some cases, individuals may be able to access some of their superannuation early upon meeting certain eligibility rules.

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Taxstore2 July 2022 3

Super guarantee rises to 10.5%

The increase to the superannuation guarantee (SG) rate from 1 July 2022 will see more employees (and certain contractors) entitled to additional SG contributions on their pay. But what happens when income earned before 30 June is paid after 30 June 2022 – will employees be entitled to the higher SG rate of 10.5%?

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Taxstore2 June 2022 6

Downsizer contributions to SUPER

Did you know you could invest the proceeds of the sale of your family home to your superannuation, depending on your age and circumstances?

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Taxstore2 June 2022 3

Six super strategies to consider before 30 June

With the end of financial year (EOFY) fast approaching, now is a great time to boost your superannuation savings and potentially save on tax. Below are six superannuation strategies to consider before 30 June 2022.

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