SORRY, THERE’S BEEN A GLITCH
Please try again later
The page may be down for scheduled maintenance or the servers are having trouble communicating.
It’s a temporary problem and we’re working to fix it. We apologise for any inconvenience.
If you need the information urgently, call us on {PhoneNumber}.
Important Information
This important information relates to many members super accounts; their circumstances may be different from yours. If you are in doubt about whether or not a particular provision applies to you or if you simply would like further information, please contact us.
It is important for you to consider your own personal financial circumstances, objectives and needs (your needs). We do not consider your needs. If you would like someone to help consider your needs before making additional contributions you should speak with a licensed or appropriately authorised financial adviser.
Contribution Caps
Annual caps apply to contributions to your super. Contributions over these caps are subject to additional tax.
Contribution Tax
The Government taxes employer and salary sacrifice contributions (if applicable to your circumstances) at a rate of 15% tax. If you exceed your contribution cap you may be charged a higher tax rate by the government.
The Government also applies a rate of 15% tax on any after tax contributions for which you claim a personal tax deduction. You should consult a licensed financial advisor for assistance with what tax rates may apply to your personal circumstances.
Caps On Concessional Contributions
Concessional contributions include employer and salary sacrifice contributions and some other contributions.
Annual caps apply to the amount you can contribute to super as concessional contributions. Please refer to the Australian Taxation Office website for further information about this year’s Concessional Contribution caps.
Caps On Non-Concessional Contributions
Annual caps apply to the amount you can contribute to super as non-concessional contributions. Please refer to the Australian Taxation Office website for further information about this year’s Non-Concessional Contribution caps.
Division 293 Tax
If you're a high income earner, you might need to pay more tax. This is known as Division 293. See the Australian Taxation Office’s website at www.ato.gov.au for more information.