Eligibility for government Super Co-Contribution
To assist eligible individuals save for their retirement, the government will match personal (after-tax) superannuation contributions made up to certain ...
About the Low Income Super Contribution (LISC)
The government also provides a low income super contribution of up to $500 annually for eligible individuals on adjusted taxable ...
Excess Concessional Contribution charge explained
An excess concessional contribution (ECC) charge is applied to the additional income tax liability arising as a result of having ...
Exceeding contribution caps – how is it taxed?
Should an individual exceed their concessional contribution cap, the excess contributions are included in their income tax return and taxed ...
2015/2016 Contribution Limits
For the 2016 financial year, commencing 1 July 2015, the concessional contribution cap (limit per member) is $30,000. For individuals ...
Refund option for excess super contributions
The refund option for excess superannuation concessional contributions up to $10,000 has now been passed as law. As a result, ...
