A
These are assets that have high risk and high return.
Growth Assets
Idle super held by the fund.
Lost Super
These contributions are made before tax.
Concessional Contributions
This type of super fund is open to employees of a specific industry.
Industry Fund
Help individuals or organizations meet long-term financial objectives.
Financial Planner/Adviser
An investment vehicle used to accumulate funds during a working lifetime in order to provide income after retirement.
Super/Superannuation
Retirement benefit depends on how much money was contributed.
Accumulation Structure
$500pa
Non-concessional Contributions
A type of super fund that is open to anyone.
Retail Fund
The process of developing strategies to help clients manage financial affairs.
Financial Planning
This is the contribution tax.
15%
Regulate Australia's markets and financial services and ensure fairness and transparency.
ASIC/Australian Securities and Investments Commission
The current concessional contribution cap.
$27,500
The current mandated employer contribution.
10.5%
Transferring of super from one fund to another.
Consolidation/Rollover
Allows clients to make concessional contributions above the general contribution cap without having to pay extra tax.
Carry Forward Rule
Salary Sacrifice
The retirement benefit is calculated by a predetermined formula.
Defined Benefit Structure
Idle super held by the ATO
Unclaimed Super
The trustee is also the member of this super fund.
SMSF/Self-Managed Super Fund
License for any Australian Business involved in financial services.
AFSL/Australian Financial Services License
Reform that requires planners and licensees to comply with best interest duty, opt-ins, FDS, and ban conflicted remuneration.
FOFA/Future of Financial Advice
This is a super guarantee made by your employer.
Employer Contributions
Oversees banks, credit unions, building societies, insurance companies, and the superannuation industry members.
APRA/Australian Prudential Regulation Authority