• Vaughan Storer & Associates , VIC, Australia
  • Vaughan Storer & Associates , VIC, Australia
  • Vaughan Storer & Associates , VIC, Australia
CONTACT US
Suite 1, 16 The Link
Mill Park, VIC 3082
Australia
Ph. 03 9436 4422
Fax. 03 9436 4477 
Find us on the map
Send an enquiry
CLIENT
RESOURCES
Click the links below to view our handy online tools and resources.

Calculators   Tax Key Dates
 
Tax Facts   Internet Links

Tax Facts - Superannuation Contributions for High Income Earners

Additional tax on superannuation contributions at the rate of 15% is imposed on individuals whose combined income and contributions are greater than a certain threshold. From 1 July 2017 this threshold is $250,000. Prior to this it was $300,000. For affected individuals, this effectively increases the rate of tax on their superannuation contributions from 15% to 30%.

The additional tax can be paid personally by the taxpayer or the taxpayer can apply to his/her superannuation fund to have the necessary amount released and paid to the ATO.

Copyright Vaughan Storer & Associates ©
Disclaimer | Site Map | Online software for accountants by Wolters Kluwer