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The 1st July 2021 Superannuation Changes

Changes from 1st July 2021 will impact on how much money you can contribute to superannuation and how much you can have in your retirement phase superannuation account.

In general, your superannuation is either in an accumulation account (when you are building your super), a retirement account (when you meet preservation age and certain conditions of release and can withdraw your super), or in between when you are transitioning to retirement (when you reach perseveration age, are working reduced hours and take some of your superannuation as a pension).


The amount of money you can transfer from your accumulation account into your tax-free retirement account is limited by a Transfer Balance Cap (TBC) (a cap on the total amount of super that can be transferred into a tax-free retirement account, known as the transfer balance cap). From 1 July 2021, the current $1.6m general TBC will be indexed to $1.7m and once indexed, no single cap will apply to all individuals (each person will have an individual TBC between $1.6m and $1.7m).


Indexation will also change other superannuation caps and limits including:

  • Non-concessional contributions (contributions from after tax income)
  • Concessional contributions (contributions from before tax income such as super guarantee, salary sacrificed super amounts, or contributions you make and claim a tax deduction for etc.)
  • Co-contributions (personal contributions made by low and middle income earners matched by the Government up to $500), and
  • Contributions you make on behalf of your spouse that are eligible for a tax-offset.

The amount you can contribute to super will increase

Indexation will increase the concessional and non-concessional contribution caps from 1 July 2021. These caps are indexed by average weekly ordinary time earnings (AWOTE).

 The bring forward rule

The bring forward rule enables you to contribute up to three years’ worth of non-concessional contributions in the one year. That is, from 1 July 2021, you could contribute up to $330,000 to your superannuation in one year. You can use the bring forward rule if you are 64 or younger on 1 July of the relevant financial year of the contribution and the contribution will not increase your total super balance by more than your transfer balance account cap.


If you utilised the bring forward rule in previous years, your non-concessional cap will not change. You will need to wait until your three years has expired before utilising the new cap limit.

* excludes withdrawals made under the COVID 19 relief measures.

How will the transfer balance cap impact me?

You are accumulating super

If you are building your superannuation (accumulation phase) and not withdrawing it*, indexation of the TBC is a good thing because from 1 July 2021 you will be able to access more of your superannuation tax-free. If you start taking your superannuation after 1 July 2021, for example if you meet a condition of release and retire, your transfer balance cap will be $1.7m. Essentially, if you have never had a transfer balance account credit, then the full indexation is available to you.

For low and middle income earners claiming the government co-contribution, the limit will increase in line with indexation to $1.7m.

Similarly, if you are contributing superannuation to your spouse and claiming the tax offset, the limit will increase in line with indexation to $1.7m. That is, you can contribute to your spouse’s superannuation and claim the tax offset as long as their TBC is not more than $1.7m.


You have started taking your super

If you started taking your superannuation before 1 July 2021 and have already had a credit added to your transfer balance account, then your TBC will be between $1.6m and $1.7m depending on the balance of your transfer balance account between 1 July 2017 and 30 June 2021. If your account reached $1.6m or more at any point during this time, your TBC after 1 July 2017 will remain at $1.6m. If the highest credit ever in your account was between $1 and $1.6m, then your TBC will be proportionally indexed based on the highest ever credit balance your transfer balance account reached. That is, the ATO will look at the highest amount your transfer balance account has ever been, then apply indexation to the unused cap amount. For example, if you started a retirement phase income stream valued at $1.2m on 1 October 2018 and this was the highest point of your account before 1 July 2021, then your unused cap is $400,000. This unused cap amount is used to work out your unused cap percentage (400k/1.6m=25%). The unused cap percentage is then applied to $100,000 ($100k*25%=$25k) to create your new TBC of $1,625,000.


Note that indexation only applies to the difference between the $1.6m TBC and the highest point of your account at any point between 1 July 2017 and 30 June 2021, not the value of your account at 30 June 2021. That is, if you made additional contributions after 1 October 2018 that increased your account to say $1,440,000, then indexation would apply to your unused cap of $160,000 (instead of $400,000), creating a TBC on 1 July 2021 of $1,610,000.


Indexation does not impact existing child death benefit beneficiaries. Child death benefit income streams commencing after 1 July 2021 will be entitled to the increment if the parent never had a transfer balance account or a proportion if the parent had a transfer balance account.


If you receive income from a capped defined benefit income stream and you are 60 years of age or more, or the income stream is from a death benefit where the member was over 60 at the time of death, then the defined benefit income cap will increase to $106,250 for most individuals. This will mean that the money your fund withholds from your income stream may change.


If you want more suggestions and seek for assistance, call BOA & Co. accountants on 02 9904 7886 and our Specialist will be pleased to assist you.

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When Can I Access My Super Fund?

Generally, you can start withdrawing from your superannuation fund after you’ve reached your preservation age and you’re retired, but there are instances when you may be able to access super early.


Your super is designed to help fund your retirement, so generally, it’s only possible to withdraw your super once you’ve reached a ‘preservation age’ and you’re permanently retired. However, there are some special cases where you may be able to withdraw your super savings early. Since your super fund is critical for your retirement life, everyone should think and plan ahead for your future retirement. 


Your ‘preservation age’ is the earliest age where it’s possible to tap into your super, and it’s calculated based on your date of birth. If you’re not sure about your preservation age, here is a table that can help:

Date of birth Preservation age
Before 1 July 1960 55
1 July 1960 – 30 June 1961 56
1 July 1961 – 30 June 1962 57
1 July 1962 – 30 June 1963 58
1 July 1963 – 30 June 1964 59
From 1 July 1964 60


Here’s some helpful information about when and how super may be accessible to you.

Accessing your super during a transition to retirement (TTR)


If you’ve reached your preservation age but you’re not quite ready to permanently retire, you might wish to access a portion of your super through a transition to retirement pension (TTR).

A TTR involves drawing down on your super as a non-commutable retirement income stream (or account-based pension). As part of your retirement plan, a TTR can give you more financial flexibility and free up precious time or can help you maintain your work hours while saving on tax.

Keep in mind that with a TTR it’s only possible to withdraw between 4% and 10% of your super savings every financial year.


Accessing your super at age 60, if you’ve stopped working (but aren’t retiring)

If you’re aged 60 to 64 and stop working (for any amount of time), you’re considered retired for the purposes of accessing your super. This is the case even if you have no intention of retiring completely.

This means you can cash out the super you’ve accumulated up until that time, even if you begin working again under a different employment arrangement or switch to a different company.


Accessing your super when you reach age 65

When you turn 65, you typically have full access to your super, regardless of whether you’re working or retiring. There aren’t any special conditions you’ll need to meet to get full access to your super, and you can also choose not to withdraw it and continue your contributions (but there could be certain tax benefits for withdrawing your super).


Are there cases where I can withdraw super early?

Generally speaking, superannuation rules state you can’t take your super until retirement (as outlined earlier), apart from the First Home Super Saver Scheme, which was introduced on 1 July 2017 to help eligible Australians save a deposit for their first home.

However, there are other cases where legally accessing super early is possible, such as if you have a severe financial hardship, or have certain medical conditions. In each instance, you’d need to meet the eligibility criteria.


Accessing super under compassionate grounds

Life can be unpredictable. Because of this, there are some instances where you may be allowed to withdraw a certain amount of money from your super on compassionate grounds if you don’t have the capacity to meet certain expenses.

These can include:

  • medical-related expenses
  • funeral costs
  • mortgage repayments that will prevent you from losing your home.


Accessing super early because of severe financial hardship

If you’re under your preservation age, have been receiving financial support payments from the government for 26 consecutive weeks and can’t meet reasonable and immediate family living expenses, you can apply to withdraw between $1,000 and $10,000 from your super. This can only be done once in a 12-month period.

There are no cashing restrictions under severe financial hardship if you have reached your preservation age plus 39 weeks, received government income support payments for a cumulative period of 39 weeks and you were not gainfully employed on a full-time or part-time basis at the time of application.


Accessing super early due to incapacity

If you’re permanently or temporarily unable to work due to a physical or mental medical condition, you may be able to access super as a lump sum or via regular payments over a period of time.


Accessing super early due to a terminal medical condition

If you’ve been appropriately diagnosed with a terminal illness that’s likely to result in your death within a two-year period, you could apply for early access to your super. In this case, there are no set limits on the amount you can withdraw.


Withdrawing super from funds with benefits less than $200

If you switch employers and the balance of your super account is less than $200, you can apply to withdraw this amount. Likewise, if you have less than $200 of lost super or less than $200 of super that’s being held by the Australian Taxation Office (ATO), you may be able to withdraw this money.


How to withdraw super if you’re leaving Australia

If you’re a temporary resident in Australia and have worked and earned super on an eligible temporary visa, you can submit an application to withdraw your super once you leave the country, as long as your visa has expired. These applications are done as part of a Departing Australia Superannuation Payment (DASP), but the government requires you to meet specific criteria and provide documentation to withdraw super in this case.


How will accessing superannuation affect you?

While accessing superannuation is useful for retirement planning and in cases of financial or medical difficulty, it’s also worth considering how withdrawing super can affect your tax, and any Centrelink payments (such as the age pension).


Do you think you are eligible to access your super early? Call BOA & Co. accountants in Chatswood on 02 9904 7886 and our SMSF specialist will be pleased to assist you.

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当进入退休阶段时,可以设立多个养老金退休分账户,明确分开税前和税后养老金,特别是当一次性投入大额的税后养老金存款,并用这笔钱开始退休帐户。其次,当领取的养老金多于最低领取标准时,可以选择先从税前养老金比例较高的账户开始。通过使用这个策略,能将免税额高的退休账户金额尽可能地保存下来。并且,当您的成年子女将来继承您的养老金时,会因此减少很多税务支出。 这个策略适用于养老金的遗产规划。




自我管理的养老金可以直接投资于住宅和商业物业、工业、农场和仓库建筑。房地产直接投资不仅具有月租金收入,而且具有长期资本增值。并且享受优惠税率的养老金,租金收入退休阶段累积阶段征收15%的税(<$ 160万)租金免税。此策略适合喜欢房地产投资的人。


自我管理的养老金会员可以使用自己名称下的上市公司证券或商业房地产,以会员身份转移到自我管理的养老金或出售养老金。实物投资与房产投资有些相似,实物投资所产生的投资收益和资本增值按 15%和 10%纳税。如果养老金是处于退休阶段且少于$160 万,税率则是零。这点则与房产投资基本相像。此策略适合以个人名义持有股份或房地产投资。


BOA & CO. 是一家总部设置在悉尼北岸金融中心(Chatswood)的综合性专业咨询悉尼会计事务所,在财务,税务,融资和信贷领域拥有深厚专业知识和广泛合作伙伴的咨询服务企业。BOA & CO. 拥有澳洲特性注册会计师(Chartered Accoutant),注册理财师 (Financial Planner),澳大利亚税务局注册税务代理(Registered Tax Agent),注册信贷经纪人(Mortgage Borker)的专业资质并且为 Intitue of Chartered Accountant, The Tax Institute and MFAA的专业会员。点此了解更多。

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首次置业养老金存款体系(FHSS Scheme – First Home Super Saver Scheme





–          18岁及以上、且在澳洲从未拥有过房产的人(包括自住、投资房、商用房及合买)

–          过去从未要求养老金释放过FHSS供款

–          你的养老金账户接受FHSS供款

–          自管养老金(Self-Management Super Fund)需确保信托契约( super deed)有相应条款允许其在此政策下提款

–          FHSS不可以用于购买船屋、房车、空地或者任何不适合居住的产权

从2017年7月1日起,首次购房者可以向养老金账户进行税前供款(例如和雇主协议,进行薪金牺牲(salary sacrifice))或是税后供款,这些供款在2018年7月1日后可以提取出来。每个人每年向养老金供款的额度是1万5千澳元,且总上限是3万澳元。然而,需要注意的是雇主所支付的强制保障养老金(super guarantee)是不能被提取出来的。







当你准备购买房子,你需要向税务委员会(Commissioner of Taxation)提交申请,获得首次置业最高提款额,并提取FHSS存款及其推定收益,来支付房子的首付。这笔金额会以您的边际税率(Marginal tax rate)减30%的税务抵扣(Tax offset)来缴税。



案例1:在2018财年,Lucy年收入有10万澳元,她的雇主付了她9500澳元的强制保障养老金(9.5%的强制保障养老金)。此外,她和她的雇主达成了薪金牺牲的协议,即每个月向养老金账户转1000澳元的供款。并且她每年向自管养老金供款12000澳元(SMSF)。2018年6月18日,Luck又向自管养老金转了5000澳元的优惠供款(Concessional Contribution)并且她在个人报税上申请了抵扣。
















BOA & CO. 是一家总部设置在悉尼北岸金融中心(Chatswood)的综合性专业咨询悉尼会计事务所,在财务,税务,融资和信贷领域拥有深厚专业知识和广泛合作伙伴的咨询服务企业。BOA & CO. 拥有澳洲特性注册会计师(Chartered Accoutant),注册理财师 (Financial Planner),澳大利亚税务局注册税务代理(Registered Tax Agent),注册信贷经纪人(Mortgage Borker)的专业资质并且为 Intitue of Chartered Accountant, The Tax Institute and MFAA的专业会员。


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在选择好退休基金之后,需要通过递交一份来自ATO的表单(Standard Choice Form)来告知雇主你的选择。否则的话,雇主将会为你选择公司默认的养老基金。


对比项目 如何进行比较
费用 越低越好
投资选择 检查是否有你自己青睐的,或满足自己特殊需要的投资选择以及投资风险是否在可承受的范围
额外投入 你的雇主有可能会向某些特定养老基金为你支付超过9.5%的养老储蓄资金。或者你也可能自己投入额外的资金
运营表现 选择一个过去五年都表现良好的基金,不要只选去年收益最高的那个。
保险 研究保险包括的范围和它的费用
其他服务 打电话咨询或者登录网站查看他们是否提供其他的服务。


至于保险方面,以政府官方提供的退休基金MySuper funds为例,它们会默认包含一定程度的死亡保险,残障保险或者是收入保障险。如果你不需要这些保险的话,需要自行告知退休基金管理机构进行取消。






  • 员工薪酬牺牲(Salary Sacrifice)
  • 自己从薪酬里支付
  • 通过银行账户转钱
  • 退休基金账户间转账







BOA & CO. 是一家总部设置在悉尼北岸金融中心(Chatswood)的综合性专业咨询悉尼会计事务所,在财务,税务,融资和信贷领域拥有深厚专业知识和广泛合作伙伴的咨询服务企业。BOA & CO. 拥有澳洲特性注册会计师(Chartered Accoutant),注册理财师 (Financial Planner),澳大利亚税务局注册税务代理(Registered Tax Agent),注册信贷经纪人(Mortgage Borker)的专业资质并且为 Intitue of Chartered Accountant, The Tax Institute and MFAA的专业会员。点此了解更多。

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2018年1月4日,澳大利亚政府发布了《养老金保障制度合规的系列法案》(the Superannuation Guarantee Integrity Package)。这一系列法案的目的,是为了规范雇主为员工发放养老金的行为。


  1. 允许ATO要求违规雇主,直接支付欠下的养老金以及强制其参加养老金教育课程。
  2. 对没有直接支付欠款的雇主引入刑事处罚。
  3. 允许ATO向受影响的雇员公开更多关于未按规发放的养老金信息。
  4. 向所有雇主推行即发即报工资系统
  5. 要求养老金基金公司提供更多的常规报告
  6. 加大ATO对信息的收集和审查力度。
  7. 精简雇员入职程序。


即发即报工资系统的推行,又给了ATO更多的便利来审查养老金的发放程度。关于即发即报工资系统,我们之前有文章详细介绍过,详情请见:即发即报工资系统(Single Touch Payroll) 来袭,雇主们做好准备




Member fees (会员费)

Management investment management fee (MER) 养老金的投资管理费用,因投资的内容而异。

Contribution Fees 如果你往养老金账户里面存钱,那么养老金公司就会收取对这笔资金进行管理和投资所需的费用

Adviser service fees (顾问费)投资顾问收取的咨询费

Insurance Premiums (保费)用养老金购买保险所需的费用。


1 数一数你的养老金数量


2 选择一个养老金并认真管理




3 别忘了政府的养老金补助政策



BOA & CO. 是一家总部设置在悉尼北岸金融中心(Chatswood)的综合性专业咨询悉尼会计事务所,在财务,税务,融资和信贷领域拥有深厚专业知识和广泛合作伙伴的咨询服务企业。BOA & CO. 拥有澳洲特性注册会计师(Chartered Accoutant),注册理财师 (Financial Planner),澳大利亚税务局注册税务代理(Registered Tax Agent),注册信贷经纪人(Mortgage Borker)的专业资质并且为 Intitue of Chartered Accountant, The Tax Institute and MFAA的专业会员。点此了解更多。

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不过,这次的政策只针对持有时间在10年以上的主要住房(principal place)。而夫妻双方可以分别享受到30万的优待。也就是说说,每对夫妻可以最多往他们的养老金里面直接贡献60万澳元。但是,所贡献的养老金无法超过卖房所得。假设卖房收益为40万澳元,那么夫妻双方一共只能贡献这40万澳元,不过可以通过协商决定让一方贡献30万另一方贡献10万,或者是双方各贡献20万澳元。


把钱贡献进养老金有很多好处,首先,个人可以把养老金账户里面的钱转成retirement phase,这部分资金所获得的收益将无需缴税。目前个人转换的限额是160万澳元,会随物价指数上涨。而其他无法转换成retirement phase的账户资金,其获得的收入也可以享受低额的养老金税率(15%),而无需像其他收入那样缴纳高额的个人所得税。




George (76岁)和 Jane(69岁)都到了退休的年纪。他们卖掉原来的房子搬进了大小更合适的公寓。卖房给他们带来了120万的收入。有了新政策之后,他们每个人可以把30万元以税后缴纳的方式存进自己的养老金里面(两人一共60万),就算George超过75岁(超出税后缴纳养老金的年龄限制)而Jane不满足Standard Contribution Work Test,都不会造成影响。不管他们的养老金账户上有多少的存款,他们都可以存进这笔钱。

John 和 Sarah,年龄65岁,仍在兼职工作。在所有孩子都自己成家之后,他们决定把大房子卖掉。同样,他们每个人可以往养老金里面存入30万澳元,不管他们目前是否拥有自己的养老金账户。他们还可以把剩下的收入存进养老金账户里面,不过额外的钱会和普通收入等同看待。

BOA & CO. 是一家总部设置在悉尼北岸金融中心(Chatswood)的综合性专业咨询悉尼会计事务所,在财务,税务,融资和信贷领域拥有深厚专业知识和广泛合作伙伴的咨询服务企业。BOA & CO. 拥有澳洲特性注册会计师(Chartered Accoutant),注册理财师 (Financial Planner),澳大利亚税务局注册税务代理(Registered Tax Agent),注册信贷经纪人(Mortgage Borker)的专业资质并且为 Intitue of Chartered Accountant, The Tax Institute and MFAA的专业会员。点此了解更多。

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