Q: I am earning a salary of $270,000 including super. I am aged 42. I understand a maximum contribution level applies based on a 9.5% SG contribution, before the balance up to $30K limit can be made on a salary sacrifice basis. Can you please confirm what the maximum SG contribution is allowed to be … [Read more...]
Note: This article explains the maximum superannuation contribution base for the 2014/2015 year, 2013/2014 year and previous years. The maximum superannuation contribution base is used to determine the maximum Superannuation Guarantee (SG) contribution that an employer is required to make under … [Read more...]
Note: Since 1 July 2014, the Superannuation Guarantee rate increased to 9.5% (from the 9.25% that applied for the 2013/2014 year). The SG rate will remain at 9.5% for 7 years, increasing to 10% from July 2021, and eventually to 12% from July 2025. If you work as an employee, and you satisfy … [Read more...]
Note: This article lists the latest superannuation rates and thresholds for the 2014/2015 year, and for earlier financial years. One of the most searched-for superannuation thresholds is the contributions cap for the latest financial year. For the 2014/2015 year, the general concessional … [Read more...]
Q: I am earning a salary of $271,000 including super. I am aged 42 and I understand a maximum contribution level applies based on a 9% SG contribution before the balance up to a $50K limit must be made on a salary sacrifice basis. Can you please confirm what the maximum contribution is allowed to … [Read more...]
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