Super and tax

Find out how your superannuation is taxed including what happens if you retire before the age of 60, the tax-free benefits on or after the age of 60, how the earnings on your super savings are taxed, how your super contributions are taxed, and the tax implications of leaving your super benefits to family or friends when you die.

You can also learn some of the popular tax-effective super strategies, including how the super tax rules affect SMSFs.


Below are some of our key Super and tax articles:

Set out below are all SuperGuide articles explaining Super and tax.

Cashing in on the co-contribution rules (2015/2016 year)

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Note: This article explains the co-contribution rules for the 2015/2016 year (and later in the article, also for the 2014/2015, 2013/2014, 2012/2013 and 2011/2012 years). The federal government is giving away money to anyone who makes a non-concessional (after-tax) contribution to their super … [Read more...]

Super concessional contributions: 2015/2016 survival guide

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Superannuation contributions can be divided into two types — concessional (before-tax) and non-concessional (after-tax). Each type of super contribution is subject to a contributions cap. A contributions cap sets a limit on the amount of contributions you can make in any one year. This article … [Read more...]

Your 2015/2016 guide to non-concessional (after-tax) contributions

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Non-concessional superannuation contributions are more popularly known as after-tax contributions. You may even hear them called ‘undeducted’ contributions. Such super contributions are subject to a contributions cap, which sets a limit on the amount of non-concessional (after-tax) contributions … [Read more...]

Transition-to-retirement pension: Can I work full-time and what form do I fill in?

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Q: Your website says: “By starting a TRIP, you don’t have to retire to withdraw your super benefits. You can work part-time or full-time or even casually.” But on the TRIP form I have from my super fund it says I have to be permanently retired or be working part time. Which is correct? I can’t see … [Read more...]

Super pensions: Starting a TRIP takes planning

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Quoting author Mark Twain, “Age is an issue of mind over matter. If you don’t mind, it doesn’t matter”. Humour aside, apparently the term ‘pension’ can trigger a negative reaction for some baby boomers. Many baby boomers don’t even like the relatively inclusive term of ‘seniors’ because this term … [Read more...]

Australian income tax rates for 2015/2016 and 2014/2015 years

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The tax rates applicable for the 2015/2016 financial year, and for the 2014/2015 financial year are set out in the tables below. We have also included the tax rates for the 2013/2014, 2012/2013 and 2011/2012 years at the end of the article, for your reference and convenience. Note: If you’re Age … [Read more...]

TRIPs: 10 interesting facts about transition-to-retirement pensions

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Note: The general concessional contributions cap remains at $30,000 (for the 2015/2016 year, and also applies for the 2014/2015 year). The special $35,000 cap for over-50s continues to apply for the 2015/2016 year (or more specifically, to anyone who is aged 49 years or over on 30 June 2015). If … [Read more...]

Superannuation Guarantee remains at 9.5% for 2015/2016 year

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The Superannuation Guarantee rate remains at 9.5% for the 2015/2016 financial year, and stalls at this rate for another 6 years. The Superannuation Guarantee rate first increased to 9.5% from 1 July 2014 (the 2014/2015 year). Based on revised laws, the SG rate will remain at 9.5% for another 6 … [Read more...]