Make a payment

 
You are here: Home > Resources > Tax Facts

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.

Get in contact

  • Contact Details

    Office Location
    25 Bates Street MERREDIN WA 6415

    Postal Address
    PO Box 220, Merredin WA 6415

    Phone: (08) 90411 226
    Fax: (08) 90411 793

    Email: info@middletonadvisers.com.au

    Make appointment 
    Get Directions