After a few mergers over the years which resulted in my wife's super being passed around several providers, she is now with Australian Retirement Trust, and after watching this video I am glad she is with them, and hope there are no more mergers which will force her to another provider.
Hi Paulietv2162, that's wonderful to hear. Thanks for taking the time to give us your feedback, we hope your wife is enjoying her time with us. Thanks, ^Lola
Considering the death of quality Superannuation information on this platform I'm amazed that this informative video hasn't received many more views and comments. Thanks.
Great video Joshua. Sorry if you've answered this in your video, but I find the area confusing. I'm currently 55 and retired - do I have to wait until 60 to convert my super account to pension phase? Also, my understanding is that you can have an accumulation and pension account. Is it a workable strategy to have all your super in a pension account to benefit from the tax free earnings within super, and then just make the minimum withdrawals necessary depositing them immediately in your accumulation account to get it back into super, then move it from the accumulation account to the pension account? Thanks so much
Thank you for your comment. Your options will differ depending on your circumstances, we would love to discuss this further with you in an effort to assist and provide a more clear explanation. Please call us on 13 11 84 Mon to Fri 7am to 7.30pm AEST. Thanks so much, Octo
Hello. Can you please confirm that there is a mistake in the table you present around the 6min ? In particular the tax on lump sum withdrawals under preservation age is in fact “Your marginal tax rate or 22%, whichever is lower”; not just 22% as stated in your table. Thank you.
Thank you for your message. In response to your question, in most cases for an Early Release of Superannuation for the fund, the 22% can usually be lower than a member's marginal tax rate, which is why the video may state 22%. For more information on marginal tax rates please contact the ATO on 13 10 20 or Visit: www.ato.gov.au/tax-rates-and-codes/tax-rates-australian-residents to better understand your situation. If we can help you further with general information, please let us know. If you have specific questions relating to your Australian Retirement Trust account, please contact us securely via email, phone or live chat at www.australianretirementtrust.com.au/contact-us. For your own security, we encourage you not to send any personal information about your Australian Retirement Trust account via Facebook. ^Regards, Hank
Hi @Fadzwilson, Australian Retirement Trust's Retirement Bonus is a benefit paid automatically to eligible members when they transfer money from their Accumulation or Transition to Retirement Income account into a Retirement Income account or Lifetime Pension. You can read more about our Retirement Bonus on our website here - www.australianretirementtrust.com.au/retirement/getting-ready/income-accounts/retirement/bonus If you have specific questions relating to your Australian Retirement Trust account, please contact us securely via phone on 13 11 84 or live chat at www.australianretirementtrust.com.au/contact-us. Kind Regards, ^Lola
How does it work if you are in you late 60's (overseas) self employed and want to dump a large amount of money (sale of your business) into your super in order to start withdraw in your 70's?
Hi, Thanks for your message. We recommend you to contact us directly on 13 11 84 (+61 7 3333 7400 when overseas) or start a live chat to discuss what options might be available. www.australianretirementtrust.com.au/contact-us Thanks! Phil (ART)
I don't see any advantage keeping a portion in accumulation if 15% is taxed on earnings. Your investments must perform above 15%+inflation to keep its value. Your pension account will earn tax free.
The 15% is on growth only, so you don't need that much growth. Example: 10% growth would be taxed at 15% and would effectively be 8.5% growth before inflation.
After a few mergers over the years which resulted in my wife's super being passed around several providers, she is now with Australian Retirement Trust, and after watching this video I am glad she is with them, and hope there are no more mergers which will force her to another provider.
Hi Paulietv2162,
that's wonderful to hear. Thanks for taking the time to give us your feedback, we hope your wife is enjoying her time with us.
Thanks,
^Lola
This was so interesting and helpful thank you.
Great video. Very clear. Thanks
Thanks for letting us know you found some value in this @rogannaful :)
- Lincoln
Considering the death of quality Superannuation information on this platform I'm amazed that this informative video hasn't received many more views and comments. Thanks.
We appreciate the kind words and we are glad you found value from the video.
Thanks,
Ash
Great video Joshua. Sorry if you've answered this in your video, but I find the area confusing. I'm currently 55 and retired - do I have to wait until 60 to convert my super account to pension phase? Also, my understanding is that you can have an accumulation and pension account. Is it a workable strategy to have all your super in a pension account to benefit from the tax free earnings within super, and then just make the minimum withdrawals necessary depositing them immediately in your accumulation account to get it back into super, then move it from the accumulation account to the pension account? Thanks so much
Thank you for your comment.
Your options will differ depending on your circumstances, we would love to discuss this further with you in an effort to assist and provide a more clear explanation. Please call us on 13 11 84 Mon to Fri 7am to 7.30pm AEST.
Thanks so much,
Octo
Hello. Can you please confirm that there is a mistake in the table you present around the 6min ? In particular the tax on lump sum withdrawals under preservation age is in fact “Your marginal tax rate or 22%, whichever is lower”; not just 22% as stated in your table. Thank you.
Thank you for your message.
In response to your question, in most cases for an Early Release of Superannuation for the fund, the 22% can usually be lower than a member's marginal tax rate, which is why the video may state 22%. For more information on marginal tax rates please contact the ATO on 13 10 20 or Visit: www.ato.gov.au/tax-rates-and-codes/tax-rates-australian-residents to better understand your situation.
If we can help you further with general information, please let us know.
If you have specific questions relating to your Australian Retirement Trust account, please contact us securely via email, phone or live chat at www.australianretirementtrust.com.au/contact-us. For your own security, we encourage you not to send any personal information about your Australian Retirement Trust account via Facebook.
^Regards, Hank
Can you please give more info about that bonus please?
Hi @Fadzwilson,
Australian Retirement Trust's Retirement Bonus is a benefit paid automatically to eligible members when they transfer money from their Accumulation or Transition to Retirement Income account into a Retirement Income account or Lifetime Pension.
You can read more about our Retirement Bonus on our website here - www.australianretirementtrust.com.au/retirement/getting-ready/income-accounts/retirement/bonus
If you have specific questions relating to your Australian Retirement Trust account, please contact us securely via phone on 13 11 84 or live chat at www.australianretirementtrust.com.au/contact-us.
Kind Regards, ^Lola
How does it work if you are in you late 60's (overseas) self employed and want to dump a large amount of money (sale of your business) into your super in order to start withdraw in your 70's?
Hi,
Thanks for your message. We recommend you to contact us directly on 13 11 84 (+61 7 3333 7400 when overseas) or start a live chat to discuss what options might be available. www.australianretirementtrust.com.au/contact-us
Thanks!
Phil (ART)
I don't see any advantage keeping a portion in accumulation if 15% is taxed on earnings. Your investments must perform above 15%+inflation to keep its value. Your pension account will earn tax free.
The 15% is on growth only, so you don't need that much growth. Example: 10% growth would be taxed at 15% and would effectively be 8.5% growth before inflation.