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Superannuation in Australia, or "super", is a savings system for workplace pensions in retirement. It involves money earned by an employee being placed into an investment fund to be made legally available to members upon retirement.
While taxable components do not change the tax payable by the superannuation fund, they may be a factor in calculating the tax payable on withdrawals from a super fund. Non-concessional contributions (also referred to as "undeducted" or "after-tax" contributions) are contributions for which no-one has or will receive a tax deduction.
The Moneysmart website was officially launched on 15 March 2011, [3] as part of the Australian Government's National Financial Literacy Strategy 2008–2010. [4]In July 2008, the Australian Government transferred the functions of the Financial Literacy Foundation to ASIC, including managing and maintaining the Understanding Money [5] website.
TelstraSuper members can access a range of services including online tools and calculators, personalised dashboards, insurance, webinars, seminars and more. They can also get simple help about their TelstraSuper account over the phone at no additional cost - it’s part of the membership.
Income taxes are the most significant form of taxation in Australia, and collected by the federal government through the Australian Taxation Office (ATO). Australian GST revenue is collected by the Federal government, and then paid to the states under a distribution formula determined by the Commonwealth Grants Commission.
"In essence, this money has been stolen from all of us for all these years," said an 84-year-old woman whose late husband's Social Security benefits were slashed. "It's not fair."
AustralianSuper is an Australian superannuation fund headquartered in Melbourne, Victoria.It is an industry super fund, and so operates through a mutual fund structure.. With over A$ 340 billion of retirement savings under management and more than 3.4 million members, AustralianSuper is the largest superannuation fund in Australia and the sixteenth largest pension fund in the world.
Super Bowl 50: Until 2015, Nevada sports books couldn't post prop bets on anything decided by a vote, like Super Bowl MVP. That changed and it was an immediate bad beat for the house.