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  2. Taxation of superannuation in Australia - Wikipedia

    en.wikipedia.org/wiki/Taxation_of_Superannuation...

    The taxable income of a superannuation fund is taxed at a flat rate of 15%; however, concessional contributions of those members whose taxable income exceeds $300,000 are subject to a rate of 30%. In the 2016 federal budget, the government proposed to reduce, effective 1 July 2017, the threshold when the tax rate of 30% comes in to members ...

  3. Defined benefit pension plan - Wikipedia

    en.wikipedia.org/wiki/Defined_benefit_pension_plan

    A traditional form of a defined benefit plan is the final salary plan, under which the pension paid is equal to the number of years worked, multiplied by the member's salary at retirement, multiplied by a factor known as the accrual rate. [9] The final accrued amount is available as a monthly pension or a lump sum.

  4. What is net pay? How to calculate the money you're taking ...

    www.aol.com/net-pay-calculate-money-youre...

    Net pay is the amount of money employees earn after payroll deductions are taken from gross pay. These includes taxes, benefits, wage garnishments and other deductions. These includes taxes ...

  5. Superannuation in Australia - Wikipedia

    en.wikipedia.org/wiki/Superannuation_in_Australia

    As at 1 July 2017, The Low Income Superannuation Contribution (LISC) scheme will be replaced with the renamed Low Income Superannuation Tax Offset (LISTO). [45] Under this new scheme, the minimum amount of Government contributions for low income earners with income not in excess of $37,000 is lowered to $10 but the $500 maximum remains.

  6. How to Calculate a Business Owner’s Salary - AOL

    www.aol.com/finance/calculate-business-owner...

    How much should you pay yourself? Small business owners in the United States make between $83,000 to $126,000 on average, depending on their industry and location. Keep in mind that many business ...

  7. Pension - Wikipedia

    en.wikipedia.org/wiki/Pension

    A traditional form of defined benefit plan is the final salary plan, under which the pension paid is equal to the number of years worked, multiplied by the member's salary at retirement, multiplied by a factor known as the accrual rate. The final accrued amount is available as a monthly pension or a lump sum, but usually monthly.

  8. Defined contribution plan - Wikipedia

    en.wikipedia.org/wiki/Defined_contribution_plan

    A defined contribution (DC) plan is a type of retirement plan in which the employer, employee or both make contributions on a regular basis. [1] Individual accounts are set up for participants and benefits are based on the amounts credited to these accounts (through employee contributions and, if applicable, employer contributions) plus any investment earnings on the money in the account.

  9. Retirement plans in the United States - Wikipedia

    en.wikipedia.org/wiki/Retirement_plans_in_the...

    For example, a target benefit plan may mimic a typical defined benefit plan offering 1.5% of salary per year of service times the final 3-year average salary. Actuarial assumptions like 5% interest, 3% salary increases and the UP84 Life Table for mortality are used to calculate a level contribution rate that would create the needed lump sum at ...