Sentences with phrase «superannuation account based»

A contribution made by the Australian Government to a person's superannuation account based on that person's income, source of income and personal super contribution.

Not exact matches

You can keep your money within the superannuation system and transfer it from an accumulation fund to an account - based pension.

Account - based income stream / account - based pension: A pension purchased with a superannuation payout on retiAccount - based income stream / account - based pension: A pension purchased with a superannuation payout on retiaccount - based pension: A pension purchased with a superannuation payout on retirement.

From 1 July 2017 there is a cap on the amount of superannuation eligible to be transferred to account based pensions in retirement.

Only your retirement income from your and your partner's (if applicable) superannuation account (if applicable) and account - based pension and the government age pension is included in projected results.

In addition to any age pension, it is assumed you (and your spouse where applicable) have retired on or after the relevant preservation age and have converted any superannuation savings up to the Transfer Balance Cap to an account - based pension product.

The calculator assumes you will use any accumulated superannuation savings at retirement to purchase an account - based pension.

This Ruling provides guidance on how the transfer balance cap (set at $ 1.6 million for the 2017 - 18 financial year) operates for account - based superannuation income stream products.

The Commissioner will issue determinations based on information that we hold about your transfer balance account (such as information reported to the Commissioner by superannuation income stream providers and transfer balance debits notified by you).

Once an account - based pension commences, there is an ongoing requirement for you, as trustee of a complying superannuation fund, to ensure the pension standards in the super laws are satisfied.

• Perform general and specific accounting calculations using 10 - key calculators and copy machines • Maintain and balance company books • Handle employee payroll services by calculating salaries and superannuation • Prepare periodic accounting reports and assure their correctness • Assure mathematical accuracy of all posted entries • Classify and summarize numerical and financial data for record maintenance purposes • Perform debit, credit and totaling activities on accounting systems and spreadsheets • Recognize and report discrepancies in accounting data and perform reconciliation duties • Monitor loan and advance statuses and prepare and deposit checks for payment of utility bills • Complete and submit tax forms on timely basis • Calculate and issue bills, invoices and account statements