For the 2013/2014 year, the concessional contributions caps for over-60s has jumped to $35,000, while the concessional cap for everyone else remains at $25,000.
If you work as an employee, and you satisfy certain minimum requirements, your employer must pay Superannuation Guarantee (SG) contributions on your behalf, to a super fund.
Can you please confirm what the maximum SG contribution is allowed to be for the 2014/2015 year, based on $270,000?
This article explains the maximum superannuation contribution base for the 2014/2015 year, 2013/2014 year and previous years.
What is the maximum contribution allowed for $271,000 salary?
November 1, 2011Q: I’ve just turned 59, and I’m thinking of retiring before I turn 60. I would like to know whether I would have to pay tax on my superannuation.
