Reference Guide: Contributing to your super

Contributing your super. This Reference Guide explains when contributions from you, your employer We also explain transfers from other as rollovers, as well as the caps and apply to …

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Key Superannuation Rates And Thresholds For 2024-25 - SuperGuide

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The cap is indexed annually and is $1,780,000 for 2024–25. This is the maximum amount of CGT-related super contributions you can exclude from your non-concessional contribution limits. …

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Your Handy Super Reference Guide - Smsfconnect.com

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Co-Contribution (50c for every $1 contributed) Less than or equal to $37,697 $500 $37,698 - $52,697 $500 – [(Total Income - $37,697) x 3.333%] Greater than $52,697 Nil • TSB must be …

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Making Superannuation Contributions: Super For Beginners Guide

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Oct 10, 2024 · Up to a full tax offset of $540 (actual amount is calculated as 18% of the lesser of $3,000 and your total contributions for your spouse) Between $37,000 and the cut-off …

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How To Make The Most Of Your Super Contributions - SuperGuide

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In 2024–25, your total income must be below $60,400 to qualify for any co-contribution. If your total income is above this threshold, you can skip ahead to step 3. Learn more about co …

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FAQs about Reference Guide: Contributing to your super Coupon?

Should you make a Super contribution?

Making super contributions is one of the simplest ways to improve your final retirement balance and reduce your tax bill. Annual contribution caps (limits) put a lid on the amount you can contribute each financial year, but can be flexible if you’re able to use the carry forward or bring forward rules. ...

When can I make a contribution to my Super?

Under 75 - You can generally make any type of contribution to your super before you turn age 75. The contribution must be received on or before the day that is 28 days after the end of the month in which you turn age 75. Downsizer contributions are an exception – these contributions cannot be made until you have reached age 55. ...

What are the different types of Super contributions?

The key to understanding different types of super contributions is to remember it’s all about what tax you pay. There are two main types of super contributions: Non-concessional (after-tax) or personal contributions. You may also receive contributions into your super account from the Australian Government if you meet certain eligibility criteria. ...

How much can I contribute to my Super?

The combined total of your employer and salary sacrificed contributions must not be more than $30,000 per financial year. You can carry forward any unused concessional contributions. Unused amounts are available for a maximum of five years. You can also make contributions to your super from your after-tax pay. ...

How are super contributions taxed?

The Commonwealth Government has set certain caps on the amount of super contributions you can make or receive. The tax applied to contributions is determined by their source – before-tax or after-tax monies – and compliance with the contribution caps set by the Commonwealth Government. ...

How do I use the Super contributions optimiser?

To use the Super Contributions Optimiser, simply enter information about your age, income and super contributions. The calculator assumes your employer contributes the current minimum Superannuation Guarantee (SG) rate to your super account, but if your employer contributes more than the SG minimum, simply increase the percentage amount. ...