Super contributions - too much super can mean extra tax

Introduction

There are caps on the amount you can contribute to your superannuation each financial year that are taxed at lower rates. If you contribute more than these caps you may have to pay extra tax.

The cap amount and how much extra tax you have to pay depends on whether the contributions are:

• concessional (before-tax) contributions
• non-concessional (after-tax) contributions.

Summary of types of contributions

Contribution type	Concessional	Non-concessional
Description	Contributions from before-tax income, or for which a tax deduction has been claimed	Contributions from after-tax income
Includes	Compulsory employer contributions Salary sacrifice contributions Contributions for which a tax deduction has been claimed	Personal contributions Spouse contributions Contributions which exceeded your before-tax cap

Sections within Introduction

• Concessional (before-tax) contributions
• Salary sacrifice
• Non-concessional (after-tax) contributions