Complying Superannuation Funds

Income received, including capital gains and employer contributions and the deductible portion of self employed contributions are taxed at the rate of 15%. Funds are entitled to a refund of imputation credits that exceed the tax payable.

Income tax is not payable on income and capital gains where pensions are paid to the members. A Fund is entitled to a one-third discount on the disposal of assets that are held for at least 12 months.

Deductible Superannuation Contribution Limits

The maximum concessional superannuation contributions that can be claimed by an employer or a substantially self employed person change with age, and are as follows (links open to the ATO website):

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