Superannuation
9. Tax Benefits
Authors: Staff Legal Eagle
Firm / Chambers:
Last updated: 27 Aug 2015
- There are many potential tax benefits of investing in superannuation but the relative strengths of these will generally depend on your particular situation.
- You should speak to your financial adviser to get specific information about how your superannuation is taxed.
- A super fund is taxed at a lower rate than the marginal tax rate in a financial year. In a super fund you are taxed at the rate of 15% on interest and returns. If you exceed the contribution cap any excess contributions will be taxed at the marginal tax rate. This is currently 47%-49% (in 2015).
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