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Maximise Your Superannuation Deductions

Maximise your superannuation deductions before 30 June 2017

Reduce your taxation by boosting your super.

Pay up to the maximum concessional (deductible) contribution amounts for 2016/2017**:

  • Aged 49 or over = up to $35,000.
  • Aged less than 49 = $30,000.

Concessional contributions included deductible member contributions (meeting the 10% rule), employer guarantee contributions (9.5% of gross salary) and salary sacrifice amounts into super.

In a GESB type constitutionally protected fund:

Salary Sacrifice and Super Guarantee from employment = No upper limit.

Personal deductible member contributions = no upper limit, but you must meet the 10% rule***.

**Reduced to $25,000 from 1 July 2017.

***No longer available after 30 June 2017.

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