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.

Age Pension: March 2014 rates now available


The new Age Pension rates, taking effect from 20 March 2014 are set out in the tables below. A single person eligible for the full Age Pension can now expect an annual Age Pension income (including supplement, and Clean Energy Supplement) of around $21,913. A couple eligible for the full Age … [Read more...]

Australian income tax rates for the 2013/2014 year, (and for 2012/2013 year)


Note: For your convenience we have included the latest income tax rates, and the income tax rates for the previous financial year. Over time, this page will also include relevant tax offsets, such as the Senior Australians and Pensioners Tax Offset (SAPTO) (you can find information on SAPTO in other … [Read more...]

Super contributions: Juggling two caps is not excessive


Q: For a taxpayer aged over 50, can a total contribution of $175,000 this year ($150K non concessional and $25k concessional) and a total contribution of $475,000 next financial year ($450k non concessional and $25K concessional) be made without attracting penalty tax? A: The short answer your … [Read more...]

Super rates and thresholds for the 2013/2014 year


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. The ATO has also released other updated superannuation rates and thresholds for the 2013/2014 year. Concessional contributions … [Read more...]

Cashing in on the co-contribution rules (2013/2014 year)


Note: The co-contribution rules for the 2013/2014 year (and for the 2012/2013 year) are very different from the co-contribution rules applicable for the 2011/2012 year. For your reference and convenience, we have retained the 2011/2012 co-contribution rules, and the 2012/2013 rules, at the end of … [Read more...]

Superannuation contributions: Wearing two caps

Male hands counting

Q: Are the caps relating to ‘concessional’ and ‘non-concessional’ contributions regarded as separate? Put simply, can I contribute $25,000 concessional and $450,000 non-concessional sums (a total contribution of $475,000) to my super fund for the 2013/2014 year? A: ‘Yes’ is the answer to the … [Read more...]

Your 2013/2014 guide to non-concessional (after-tax) contributions


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...]