What is a concessional contribution?

• A concessional contribution is a before tax contribution made to a super fund and is included in the fund’s assessable income. Such contributions are taxed at 15%. Examples of concessional contributions include:
  • employer contributions;
  • salary sacrifice; and
  • personal contributions from a self employed person allowed as an income tax deduction.
• An annual limit on concessional contributions applies and any contribution that exceeds the limit is taxed at the marginal tax rate. This can be up to 49%.
• If you have any other questions about your contributions you can use our free and anonymous service.