How much will i be taxed from super on retirement

Discussion in 'Superannuation, SMSF & Personal Insurance' started by Keentolearn77, 21st Sep, 2017.

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  1. Rickwood

    Rickwood Member

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    Melbourne
    Re pension tax rates

    Your personal contributions plus their earnings are always tax free
    Productivity component plus earnings is at your MTR, but tax free after 60

    Your employer component is at MTR, less the 10% offset (10% of your employer component), subject to the 100k limit (1.6 mill /16)

    So a 660k amount, retiring at 60 = 60 k pa (your divider is 11)
    Let’s say 35 % is personal cont plus earning, means 21k tax free

    If productivit plus earnings mae up 15% of your amount, this 9k is also tax free (at 60)

    Taxable amount of 30 k (60 - 30) being whatever, less 3k offset, which would = negligible tax in this made up scenario
     
    Rickwood, 10th Nov, 2017
    #21
  2. Rickwood

    Rickwood Member

    Joined:
    22nd Aug, 2015
    Posts:
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    Location:
    Melbourne
    ^^ If you’re under 60, productivity and employer components are at MTR
     
    Rickwood, 10th Nov, 2017
    #22
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