Top apps for super tips and tricks
As the demand grows for accessing financial information online, more and more providers are making resources available across devices including your mobile phone. The following are a selection of handy mobile apps worth checking out:
My Super is a comprehensive calculator app for self-managed superannuation funds that will simplify your work life. It features indicative calculators for:
- SMSF tax
- Minimum and maximum pension payments for account-based pensions (including Transition to Retirement Pensions)
- Co-contribution entitlements benefit of salary sacrifice superannuation, including allowance for estimated super fund tax
- PAYG withholding on pension income streams
In addition My Super also features:
- Generation of PDF reports for each calculation
- Key rates for superannuation indexed within the app
ATO App is a handy tool, which puts tax and super help in your hand, making it more convenient for you to conduct your tax and super affairs on the go.
If you're an individual taxpayer, small business owner or self-managed super fund trustee, you can access tax and super information and tools all in one place.
You can log onto online services for individuals if you’ve got a myGov account linked to the ATO and:
- Lodge your 2014 individual income tax return if you have straightforward tax affairs
- Track the progress of your lodged income tax returns
- View and update your personal contact and financial institution details, and
- View all your super accounts and transfer any of your super into one account
You can also:
- Check the individual income tax rates for the current financial year
- Search for lost super
- Watch videos, access checklists, visit SMSF Assist and other helpful information for SMSF trustees
SMSF Assist is another ATO online tool designed to provide a broad range of detailed information about self-managed super funds.
ASIC MoneySmart super and retirement calculators OK so they’re not apps specifically but they still offer some useful online tools such as:
- Superannuation calculator - find out how much super you're likely to have when you retire
- Super contributions optimiser - see how you can boost your super by making extra contributions
- Super vs mortgage calculator - are you better off paying extra to your super or your mortgage?
- Super co-contribution calculator - find out if a government co-contribution can boost your super
- Retirement planner - work out how you can boost your retirement income by taking action now
- Super and pension age calculator - see when you can access super and apply for the pension
- Account-based pension calculator - work out whether you can make your pension last longer
Many banking and financial institutions also offer their own apps to help you stay on top of all things super related. For instance, the AMPApp allows you to access your finances on the move with your banking, investments, insurance, super and retirement information all in one location. You can access the following super and investment services:
- See your super balance and track contributions
- Monitor your investments
- Keep up to date with the markets and key events
- Set the ball rolling to bring your super together