Concessional contributions

Your employer makes regular concessional super contributions of 9.5% of your salary. You can also make contributions called salary sacrifice, from your income, before tax. Your contribution is taxed at a lower rate (up to 15%) which can be a tax-effective option, based on your income.

Small amounts now can make a big difference to your super balance in retirement, and you can claim personal contributions as a tax deduction. The annual cap for concessional contributions is $25,000 p.a. (2019/20 financial year).

Updated on March 8, 2022

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