A Reader Asks…

My husband recently got out of the Army on a medical board. With that, he recieved a severance pay that is not taxable; however it is taxed at first for some reason (it is like this for all military separation pays). He receieved the pay last year, but his VA rating didn’t come back to us until after Jan. 1. Does anyone know how to file to receive these taxes back? I know, from other people who have had the same thing done, that …

Superannuation provides a tool for saving for retirement. Both yourself and your employer can contribute to it over time and this money is then invested into a variety of  appropriate investments such as shares, property, savings accounts and government bonds.

When you retire, or qualify for your superannuation due to disability or death you will receive the money (less charges and taxes) either as regular payments made periodically, a lump sum payment, or a combination of the two.

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