Superannuation Discussion + market volatility

[CaptJCool]

 

[nickfromeastryde]

View attachment 465173

Somewhat ironic that they wait for rates to start coming back down before lifting this rate. Still was way too low and could not be justified post Covid.

 

[mrsterryn]

Somewhat ironic that they wait for rates to start coming back down before lifting this rate. Still was way too low and could not be justified post Covid.

Still unlikely to massively impact people except possibly those who have assets producing income that isn't deemed, eg defined benefits investment properties etc .

 

[mrsterryn]

Wow the September indexation for Centrelink has been released already

Indexation Rates September 2025

Some government payment rates and limits will rise in September 2025 as a result of indexation.

www.dss.gov.au

 

[QF WP]

It’s always released on 20 September (yesterday) and 20 March every year…

 

[mrsterryn]

It’s always released on 20 September (yesterday) and 20 March every year…

Ah yes but I mean the indexation rates are usually released early in the indexation month , not the month before .
Yesterday was 20th August

 

[QF WP]

What was I thinking (August/September) - yes, my understanding is that it is released early, as recipients like to know what their future income will be

Thanks for the link, I have sent it to my Centrelink clients.

 

[Brissy1]

Does someone know whether when transferring funds from one fund to another (both accumulation), whether tax free/taxed super balance proportions are transferred; logically it should but one can't rely on that.
Eg. you have 2 super funds with $100 in each, A is 50% tax free/taxable, B is 90% tax free/10% taxable. You transfer $20 from A to B. So I presume A proportions remain 50% , and B becomes 83⅓/16⅔% ?

(Note nothing to do with recontribution strategy)

 

[SYD]

Does someone know whether when transferring funds from one fund to another (both accumulation), whether tax free/taxed super balance proportions are transferred; logically it should but one can't rely on that.
Eg. you have 2 super funds with $100 in each, A is 50% tax free/taxable, B is 90% tax free/10% taxable. You transfer $20 from A to B. So I presume A proportions remain 50% , and B becomes 83⅓/16⅔% ?

(Note nothing to do with recontribution strategy)

That’s been my experience (they transfer in correct proportion).

 

[Quickstatus]

Does someone know whether when transferring funds from one fund to another (both accumulation), whether tax free/taxed super balance proportions are transferred;

The transfer proportion will be the same

If an account has 47.25% concessional and 52.75% non concessional, the same will be transferred. - ie 47.25% of transfer amount remains concessional and 52.75% of transfer amount non concessional . You can't request a transfer of only concessional or only non concessional