Super contributions - too much super can mean extra tax

Pay your excess concessional contributions tax on time

The excess concessional (before-tax) contributions tax is due and payable 21 days after we give you your notice of the assessment.

If you don't pay the excess concessional (before-tax) contributions tax by the due date, general interest charge (GIC) may apply.

Generally, if you give your release authority to your fund within the time allowed for payment, and your fund makes the payment within 30 days (or any delay in payment was not within your control), we may remit the GIC.

Paying from super

If you don't have enough super in one fund

If you don't have enough money in one super fund to pay your excess concessional (before-tax) contributions tax liability, you can photocopy the release authority and give it to more than one of your super funds. If you do this, you must sign each copy with an original signature.

If you have a defined benefit interest

You can't use a release authority to release an amount from a defined benefit interest. However, you can use your release authority to obtain money from another super fund even if you didn't make contributions to that super fund in the year.

If all your super is in a defined benefit interest, you can't use the release authority. You must pay the excess concessional (before-tax) contributions tax from your own money.

For more information about defined benefit funds, untaxed super funds or constitutionally protected funds, refer to Super contributions - for defined benefit funds and untaxed funds.

Sections within If you go over the concessional contributions cap

Last Modified: Tuesday, 3 July 2012