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Your superannuation contributions – the current state of play
18 June 2013
With 30 June fast approaching, many people are considering whether they should make additional contributions to their complying super fund – eg, from their own funds or through effective salary sacrifice. However, care is needed because these contributions may attract contributions tax - and potentially attract excess contributions tax which results in total tax of 46.5% on the contribution (or in some cases 93%). For our full Tax Brief - click here
These notes are in summary form designed to alert people to tax developments of general interest. They are not comprehensive , they are not offered as advice and should not be used to formulate business or other fiscal decisions.
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