11 Tax Facts about Superannuation

Super investment structure

Overview

When investing via super, it’s important to understand that there is an accumulation phase and a
retirement phase. From a life stage perspective:

• Accumulation phase generally coincides with the time in your life where contributions are being made to your super, and you are accumulating wealth via these contributions and investment earnings. Nearing retirement, some of us may commence a transition to retirement income stream (TRIS).
• Retirement phase generally coincides with the time in your life where you are using the wealth you have accumulated to help fund your retirement lifestyle via either a retirement income stream, lump sum withdrawals, or a combination of both.

With the above in mind, from a tax perspective, the tax facts listed below are grouped according to their relevance to each phase. For example, the tax facts regarding contributions are underneath the title ‘Super (accumulation phase)’, as contributions can’t be made to a super account in retirement phase.

Download the pdf below for more information.

articlehub_2021_8_11-tax-facts-about-superannuation.pdf (168kB)