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.

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...]

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...]

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...]

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...]

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...]

Super contributions: Can I contribute $1 million in one year?

Q: I am aged 54. How much can I make in super contributions without exceeding my contributions caps? 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 … [Read more...]