Key superannuation rates and thresholds

Deduction limits based on the age of the employee or individual

Up to the 2006-07 income year, super contributions were deductible for income tax purposes in the year you made them, up to certain amounts called the age based limits. The following limits applied to:

employers and their associates claiming deductions for contributions made for the benefit of an employee
individuals claiming a deduction for personal super contributions.

Income year

Under age 35

Age 35 to 49

Age 50 to 70

2006-07

$15,260

$42,385

$105,113

2005-06

$14,603

$40,560

$100,587

2004-05

$13,934

$38,702

$95,980

2003-04

$13,233

$36,754

$91,149

2002-03

$12,651

$35,138

$87,141

2001-02

$11,912

$33,087

$82,054

2000-01

$11,388

$31,631

$78,445

1999-2000

$10,929

$30,356

$75,283

1998-99

$10,600

$29,443

$73,019

1997-98

$10,232

$28,420

$70,482

1996-97

$9,782

$27,170

$67,382

1995-96

$9,405

$26,125

$64,790

1994-95

$9,000

$25,000

$62,000

Deductibility could only be considered where the contribution was paid on or before the 28th day of the month following the month in which the relevant person turned 70 years of age. 'Age' is the person's age at the date the last contribution was made for them for the year.

Contributions paid in any year, after 30 June but before the super guarantee contribution deadline (28 June) for the quarter ending 30 June, cannot be claimed as a deduction until the end of the next financial year. For example, super contributions made on 30 June 2005 can be claimed as a deduction in the 2004-05 year. Contributions made on 28 July 2005 can be claimed as a deduction in the 2005-06 year.

Sections within Other super rates and thresholds

Last Modified: Friday, 24 May 2013