Key superannuation rates and thresholds

Superannuation contributions surcharge

Adjusted taxable income

The surcharge rate varied and was calculated using a person's adjusted taxable income (ATI). Prior to 1 July 2003, the maximum surcharge rate was 15%. From 1 July 2003, the maximum surcharge rate was reduced then phased out. The maximum surcharge rate was:

• 14.5% in 2003-04
• 12.5% in 2004-05
• 0% in 2005-06 and beyond.

No surcharge is payable in respect of super contributions or termination payments made on or after 1 July 2005. For more information, refer to The superannuation contributions surcharge (NAT 15264).

For the 2003-04 to 2005-06 financial years

Income year	Lower income amount	Higher income amount	A (as per formula)	Indexation factor
2005-06	No surcharge is payable for super contributions or termination payments made on or after 1 July 2005
2004-05	$99,710	$121,075	1709.20000	1.053
2003-04	$94,691	$114,981	1399.31034	1.046

For financial years before 1 July 2003

Income year	Lower limit	Upper limit	Divisor	Indexation factor
2002-03	$90,527	$109,924	$1,295	1.062
2001-02	$85,242	$103,507	$1,219	1.046
2000-01	$81,493	$98,955	$1,165	1.042
1999-2000	$78,208	$94,966	$1,118	1.031
1998-99	$75,856	$92,111	$1,084	1.036
1997-98	$73,220	$88,910	$1,046	1.046
1996-97	$70,000	$85,000	$1,000	-

For more information, refer to The superannuation contributions surcharge and the termination payments surcharge (NAT 15263).

Sections within Other super rates and thresholds

• Deduction limits based on the age of the employee or individual
• Allocated pension payments minimum and maximum limits
• Pension valuation factors
• Low rate threshold - post-June 1983 components of ETPs
• Tax-free part of bona fide redundancy payments and approved early retirement scheme payments limits
• Reasonable benefit limits
• Superannuation contributions surcharge
• 10-year Treasury bond rate
• Average weekly ordinary time earnings (AWOTE)