Guide for employees and self-employed – reportable superannuation contributions
The compulsory super rate (the amount your employer contributes to your nominated super fund) increased from 9.25% to 9.5% on 1 July 2014.
It will remain at this rate until 1 July 2021 when it's scheduled to increase to 10%.
How reportable superannuation contributions work
Your reportable super contributions are the sum of:
- any personal deductible contributions you make
- any reportable employer super contributions your employer makes for you.
Your reportable super contributions affect the income tests for some tax offsets, deductions, concessions, the Medicare levy surcharge, and certain government benefits and obligations.
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