S
The most common type of superannuation available, is valued for its flexibility.
What is Accumulation Funds?
Superannuation benefits can be accessed after satisfying a ____________, the most common being retirement and meeting preservation age.
What is condition of release?
Employees can contribute pre-tax salary amounts to superannuation, which helps enhance their retirement savings.
What is salary sacrifice contributions?
Three types of life insurance available through MST funds are...
What is Death, TPD and Income Protection Insurance?
This is the age at which Australians can generally access their superannuation savings, known as the preservation age.
What is 60?
Current transfer balance cap
What is $1.9 million?
This is the tax applied to excess contributions made to superannuation beyond the annual cap.
What is 47%?
Two most common examples of non-concessional contributions
What is personal contributions and spouse contributions?
This is the minimum percentage of an employee's earnings that employers must contribute to their superannuation fund in Australia as of July 2024.
What is 11.5%
The legislation governs the operation of superannuation funds in Australia.
What is Superannuation Industry (Supervision) Act 1993?
Total superannuation assets were over ..... trillion at the end of the September 2024 quarter.
What is 4?
Preservation types that are found in superannuation?
What is Preserved Benefits, Restricted non-preserved and unrestricted non-preserved?
Three phases of a Superannuation
What is accumulation phase, TTR phase and AP phase?
There are three types of Insurance Covers (arrangements) offered by Mercer Super i.e.
What is formula, fixed and unit-based/unitised?
Superannuation is regulated by several Government agencies..
What is ASIC, APRA and ATO?
What is 77%?
Mercer Pension minimum initial deposit for both TTR and AP?
What is $10,000?
Member aged 65, has a CSD Employer plan (MT888 Employed) minimum balance is...
What is $500?
Mt888 Individual Income Protection offered
What is no?
Mercer Business Super family law splitting fees
What is $541?
The date and year the carry forward contribution rule was introduced.
What is July 1 2018?
Minimum withdrawal amount to withdraw under Claim Type A for Financial Hardship.
What is $1,000?
Members super balance on 30 June 2024 is 1.95 million how much can they contribute using Bring forward rule?
What is not applicable?
Types of Superannuation funds that Australia offer are.....
What is retail, industry, corporate, public sector and SMSF?
Beneficiary relationships in superannuation
What is spouse, children, independent relationship, financial dependents and legal representative?