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.

Superannuation contributions: Wearing two caps

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 2015/2016 year?A: ‘Yes’ is the answer to the … [Read more...]

No income tax cuts for 2015/2016 year

Way back in 2011, the former ALP government announced income tax cuts that took effect from July 2012. At the same time, they also announced further income tax cuts that were planned from 1 July 2015 (for the 2015/2016 year onwards).During 2013 however, the former ALP federal government … [Read more...]

Age Pension: September 2015 rates now apply (until March 2016)

Note: This article explains the latest Age Pension rates, applicable until 19 March 2016. The Age Pension rates are indexed twice-yearly, with the next adjustment taking effect from 20 March 2016. If you are seeking information on the changes to the Age Pension assets test rules taking effect from … [Read more...]

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

The tax rates applicable for the 2015/2016 financial year, and for the 2014/2015 financial year 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, 2012/2013 and 2011/2012 years at … [Read more...]

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

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...]

Your 2015/2016 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...]

Superannuation rates and thresholds for 2015/2016 year (and 2014/2015 year)

Note: This article lists the latest superannuation rates and thresholds for the 2015/2016 year, and for the 2014/2015 year, and also for earlier financial years.One of the most searched-for superannuation thresholds is the concessional contributions cap for the latest financial year. For the … [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...]

Super contributions: $1 million opportunity

Q: I am aged 54. How much can I make in super contributions without attracting penalty tax? Is it $210,000 or $215,000 or some other figure?A: Before I answer your question in detail, for the benefit of other readers I will first explain the figures you quote in your question.The general … [Read more...]