1. ABS 636.0 Employment Arrangements, Retirement and Superannuation, Aust Apr–July 2007 – Revised 2009. 'Most (95%) employed people aged 15–24 years with super accounts in the accumulation phase do not make personal contributions to super.'
Information is current as at 24 Feb 2015. This document provides an overview only and it should not be considered a comprehensive statement on any matter or relied upon as such. The information provided is factual only and does not constitute product advice. Before acting on it, you should seek independent financial and tax advice about its appropriateness to your objectives, financial situation and needs. This information has been prepared without taking account of your objectives, financial situation or needs. The relevant Financial Services Guide can be obtained by calling 132 135, or by visiting www.bt.com.au.
The tax position described is a general statement and is for guidance only. It has not been prepared by a registered tax agent. It does not constitute tax advice and is based on current tax laws and our interpretation. Superannuation is a long-term investment. The government has placed restrictions on when you can access your preserved benefits. The Government has set caps on the amount of money you can add to superannuation each year on a concessionally taxed basis. In addition, the government has set a non-concessional contributions cap. For more detail, speak with a financial adviser or visit the ATO website.
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