• When the surcharge applies

    For the financial years 1997–2005, the surcharge applies to your surchargeable contributions if your adjusted taxable income is higher than the lower income amount. Generally, your adjusted taxable income is your taxable income plus reportable fringe benefits amounts plus surchargeable contributions.

    We get some of our information about you from your tax return. These details include your taxable income, reportable fringe benefits amounts and personal contributions for which you claimed an income tax deduction.

    We get our information about your surchargeable contributions from an annual statement lodged by your super fund. This statement reports the contributions they received for you in the financial year.

    When we have this information, and your adjusted taxable income is higher than the lower income amount for the relevant year, we calculate the surcharge to apply to your surchargeable contributions.

    Table 1: Lower and higher income amount

    Income year

    Lower income amount

    Higher income amount

    Divisor (used in formula)

    2005–06 onward

    Surcharge abolished

    Surcharge abolished

     N/A

    2004–05

    $99,710

    $121,075

    1,709.20000

    2003–04

    $94,691

    $114,981

    1,399.31034

    2002–03

    $90,527

    $109,924

    1,295

    2001–02

    $85,242

    $103,507

    1,219

    2000–01

    $81,493

    $98,955

    1,165

    1999–2000

    $78,208

    $94,966

    1,118

    1998–99

    $75,856

    $92,111

    1,084

    1997–98

    $73,220

    $88,910

    1,046

    1996–97

    $70,000

    $85,000

    1,000

    Your adjusted taxable income is compared to the lower and higher income amounts to determine the rate of surcharge that applies to your surchargeable contributions. The number in the Divisor column is used in the calculation.

    If your adjusted taxable income is equal to or below the lower income amount for the financial year, you don't pay a surcharge.

    See also:

      Last modified: 30 Aug 2017QC 18956