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Tax on super

One of the most compelling reasons to save money in your super fund is its tax-effectiveness.

Here we outline some key ways you can take advantage of the allowances to make your super savings work harder:

  • Contributions caps. Employer and salary sacrificed contributions are generally taxed at 15%, up to $25,000 a year. 
  • Low income earners. If you earn $37,000 or less, the tax you have paid on your super contributions will automatically be added back into your super account through the Low Income Superannuation Tax Offset.
  • High income earners. If your combined income and super contributions exceed $250,000, you will pay more tax on your super contributions.
  • The co-contribution scheme. Personal after-tax contributions and those received under the government’s co-contribution scheme are not taxed.
  • Rolling over super. In most cases when money is transferred from one super fund to another, no tax is payable.


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