Tax Facts - Superannuation Contributions for High Income Earners
Additional tax on super 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.
We offer a range of free, easy to use online resources including:
 |
Key Dates | ||
 |
Internet Links |  |
Tax Facts |
Latest News
Click here to read recent articles, get the latest tips & tricks or find out whats new at The Rogers Group
| Contact Us Level 10 Suite 3 133 Castlereagh Street Sydney, NSW 2000 Australia Phone: 02 9267 7655 Fax: 02 9266 0243 |
 |
-
I have used The Rogers Group for financial and accounting advice over a period of 12 years, both at a personal and professional level. During this period I have found that they provide timely and courteous service at all levels of the organisation. - George M, CEO – Mining Industry
-
Thank you so much for your help in the last year – we really appreciate it and thanks for sorting out our lovely shoe box approach to accounting. Stephen, thank you as well for answering many questions and help with MYOB. We are grateful. Kind Regards - Anita & Shaun C
-
The Rogers Group has been working in conjunction with my clients and my firm for the last six years. In that time we have received nothing but excellence in service. The team at The Rogers Group led by Ms. Catriona Rogers applies a proactive approach to handling all Tax and financial matters. - Lachlan Schonfelder, MW Planning Pty Ltd