Super contributions - too much super can mean extra tax

Using our income test calculators

If the amount above results in an increase and you want to use an ATO calculator to determine the full impact on your circumstances, you will need to do the following:

• Step 1: Add the amount of the refund offer to the income figure you use for the test
• Step 2: Minus the amount of your refund offer from your reportable employer super contributions or reportable super contributions (the figure you use depends on which test you are using). The resulting figure cannot be less than zero.

Using these new figures in the calculators will allow you to determine what (if any) impact there is on your individual circumstances.

For information on income tests and relevant calculators, refer to: Income tests: an overview Income tests and how they affect you Super co-contribution.

Calculating the full impact can be complex. We recommend you seek professional independent financial advice.

Sections within How accepting the refund offer may affect ATO and other government income tests

• Using our income test calculators
• Examples: The effect of accepting the refund offer on adjusted taxable income (ATI)