super and tax
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Australian income tax brackets and rates (2024-25 and previous years)
Now that the stage 3 tax cuts are law, most Australians will receive a tax cut in 2024-25. Until then, existing income tax rates and thresholds apply.
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Super tax breaks to be reduced for accounts with more than $3 million
The federal government has released draft legislation for its controversial new tax on super balances above $3 million, clarifying some issues but retaining the substance of its original plan.
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How do tax-deductible superannuation contributions work?
Making a tax-deductible super contribution can be a great way to boost your retirement savings. Find out whether they could be the right strategy for you.
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Income tax calculator (2023–24 and 2024–25)
Enter your taxable income for 2023-24 or 2024-25 and the calculator will show you what offsets you may be eligible for, as well as your marginal tax rate and how much income tax you effectively pay.
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Your tax guide to accessing your super under age 60
If you’re eligible and thinking about tapping into your super before you turn 60, it’s worth checking the tax implications first. In some cases, you may be better holding off for a while.
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Proportioning rule and super tax: What it is and why it matters
Before withdrawing your super, it’s important to understand the proportioning rule and how it will impact the amount of tax you will pay on your super savings.
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How superannuation is taxed: Super for beginners guide
Super is a very tax-effective vehicle for your retirement savings, but no-one said the taxation of super was simple. Here’s a quick overview of what you pay and when.
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How the Division 293 tax works: Super surcharge for high earners
High-income earners pay extra tax on their concessional super contributions, so it’s important to understand the rules.
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Your tax guide to accessing your super over age 60
Once you turn 60 and start withdrawing your super, the tax advantages of the super system come into play.
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Q&A: Is a lump sum super payment taxed if I’m under 60?
Q: Assuming a member turns 59 on the 9th of May 2023, and sets up a full pension fund to commence from 1 July this year (2023) shortly, when that member withdraws the lump sum before the 9th of May 2024 (next year), aged then 60, is the lump sum subject to tax or not?
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A simple guide to what tax is payable on super death benefits
Your beneficiaries could end up paying more tax than necessary when they receive your superannuation death benefit if you don’t learn the rules that apply.
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Tax in SMSFs and regular super funds: How do they differ?
All super funds pay the same tax rate, but there are differences in the ability of SMSFs and large super funds to manage their tax liabilities for the benefit of members.
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Q&A: How does proportioning work if I have super in both accumulation and pension phases?
As my SMSF balance is about double the TBC how does proportioning of the income work in the portions that are separated into Pension phase and Accumulation phase? I am over 60. If I made a lump sum withdrawal from the accumulation portion does re-proportioning take place?
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Q&A: Do we need to use the proportioning rule when rolling over super benefits from an SMSF to an industry super fund?
Sally manages her own SMSF of which she is the only member. The fund is in accumulation phase and is made up of 1/3 tax-free component and 2/3 taxable component.
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What are unrestricted and restricted non-preserved super benefits?
Your pot of retirement savings in super may actually be divided into several smaller pots, some of which can be withdrawn sooner than others.
