Superannuation rates and thresholds

You can find out the latest super and retirement-related rates, thresholds and caps that are indexed in line with rising prices, or indexed in line with average weekly earnings.

Indexation is a system of varying an amount (e.g. a benefit, wages, prices) in line with the movement of an appropriate index. Indexing to the Consumer Price Index (CPI), for example, means an amount rises in line with prices generally and, therefore, maintains its purchasing power (or real value).

You can also find out the latest contributions caps, income tax rates and other relevant rates and thresholds.

Set out below are all SuperGuide articles explaining Superannuation rates and thresholds.

Minimum pension payments for 2016/2017 year

Note: This article explains the superannuation minimum pension payment factors for the 2016/2017 year. The article also lists the minimum pension factors for the 2015/2016, 2014/2015, 2013/2014, 2012/2013, 2011/2012 and 2010/2011 years. Alternatively, if you are looking for the latest Age Pension … [Read more...]

Superannuation contributions: Wearing two caps for 2016/2017 year

Q: Are the caps relating to ‘concessional’ and ‘non-concessional’ contributions regarded as separate? Put simply, can I contribute $30,000 concessional and $540,000 non-concessional sums (a total contribution of $570,000) to my super fund for the 2016/2017 year?A: The contributions caps are … [Read more...]

Your 2016/2017 guide to non-concessional (after-tax) contributions

SUPER ALERT! On 15 September 2016, Treasurer Scott Morrison and Minister for Revenue and Financial Services Kelly Dwyer issued a joint media release announcing that the $500,000 lifetime cap on non-concessional contributions is now scrapped as a policy and will be replaced with an annual $100,000 … [Read more...]

Age Pension: September 2016 rates now apply (until March 2017)

Note: This article explains the latest Age Pension rates, applicable until 19 March 2017. The Age Pension rates are indexed twice-yearly, with the next adjustment taking effect from 20 March 2017. If you are seeking information on the changes to the Age Pension assets test rules taking effect from … [Read more...]

Cashing in on the co-contribution rules (2016/2017 year)

Note: This article explains the co-contribution rules for the 2016/2017 year (and later in the article, also for the 2015/2016, 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 … [Read more...]

Superannuation rates and thresholds for 2016/2017 year (and earlier years)

SUPER ALERT! On 3 May 2016, the federal government announced an IMMEDIATE cut to the non-concessional contributions cap, including a cessation of the bring-forward rule. Australians are now subject to a lifetime non-concessional cap of $500,000, rather than the annual cap of $180,000 (and the … [Read more...]

Australian income tax rates for 2016/2017 and 2015/2016 years

The Australian income tax rates applicable for the 2016/2017 financial year, and the 2015/2016 and 2014/2015 financial years are set out in the tax tables below (lists the tax brackets and individual tax rates). We have also included the tax brackets and individual tax rates for the 2013/2014, … [Read more...]

Super alert: Have you counted your super contributions lately?

Note: This article outlines the super contribution rules, and also provides a list of helpful articles that explain how the two types of contributions caps work, and the general contribution rules.You can make two types of super contributions: concessional (before-tax) contributions and … [Read more...]

Super contributions: How much co-contribution will I get?

Q: Where do I go to find a calculator that helps me work out how much co-contribution I will be entitled to, and how much super I need to contribute to get that co-contribution? I am also looking for something that shows the sliding scale for different income levels and different super … [Read more...]

Medicare Levy increase helps pay for NDIS

The National Disability Insurance Scheme (NDIS) became a reality when the former ALP federal government managed to secure a deal with state governments that results in a guaranteed financial contribution sourced directly from taxpayers (increases in Medicare levy), and promised contributions from … [Read more...]

No income tax cuts for 2015/2016 year

Planned tax cuts for the 2015/2016 year were killed off in 2013, even though average income earners are rapidly moving into higher tax brackets due to ‘bracket creep’. Even if income tax cuts are a dead duck in the short term, by failing to regularly index the marginal income tax rate thresholds in … [Read more...]

Super contributions: $1 million-plus opportunity

Despite the urging from unofficial sources that contributions caps should be cut, Australians still have a fair amount of flexibility when making super contributions during the 2015/2016 financial year, and future financial years. The financial year runs from July 2015 through to June … [Read more...]