Superfund Tax Rates & Exemptions

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Superfund Tax Rates, Exemptions, Offsets

Saturday, 29 February 2020

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Complying Superfund Tax Rates , Exemptions and Offsets

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SIS LEGISLATION

SIS ACT 1993

SIS REGULATIONS 1994

Summary of Content on Superfund Tax Rates and Exemptions viewable by our subscribers

Links to SIS Legislation
Links to Calculator
Changes from 1 July 2017 and 1 July 2018
Tax Rates for Complying Super Funds 2015 to date
Tax Rates for Complying Super Funds 2004 to 2014
Low Income Super Contributions Tax Refund (LISC)
From 1 July 2012 - How to Calculate Super Contributions Tax for High Income Earners
ATO Annual Supervisory Levy - 2006 to 2016
Transitional Provisions - 10 May 2007 to 30 June 2007
The Best Links to more information on Superfund Tax Rates and Exemptions

Tax Rates for Complying Superannuation Funds (2007 to 2014)

Nature of receipt		Tax rate
Contributions (thresholds apply):
	Concessional**	15%
	Non-concessional	0%
	Excessive concessional contributions	Note 1
	Excessive non-concessional contributions	46.5%
	Eligible spouse contributions	0%
	Government co-contributions	0%
Earnings:
	Income	15%
	Discount capital gains (asset held for 12 months or more)	10%
	Income and capital gains from pension assets*	Tax exempt
Special income (refer to TR 2006/7 below):
	Discretionary trust income	45%
	Excessive non-arm’s length income	45%
	Excessive private company dividends	45%
Early Access Benefits (All Components)		45%
Transfers from Foreign Super Funds		See Link Below

* The exemption may not apply to capital gains made as a result of paying a pension in specie. Accumulation mode rates may apply.

**From 1 July 2012
> tax payable on Concessional Super Contributions, by anyone with ‘income’ plus ‘low tax super contributions’ of $300,000 p.a. or more, will increase from 15% to 30%

> Low Income Super Contributions Tax Refund may apply - See container below for details.

Note 1
From 1 July 2013, excessive concessional contributions are taxed at the taxpayer’s marginal tax rate less a 15% tax offset for the tax that the superfund has paid on the contribution. A penalty charge and interest penalty also applies. Refer to the link below to Excess Concessional Contributions.

Refer to the links below.

Transitional Provisions (10 May 2007 to 30 June 2007)

Complying Superannuation Funds (2004 to 2007)

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This page was last edited on 29 August 2019

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