Tax and your super
Learn about how super is taxed: superannuation caps, the Total Super Balance and bring-forward arrangements.
Please note:
CSC does not 'tax' your benefits. We are required to withhold amounts in accordance with Australian Taxation Office (ATO) guidelines. We do not have access to ATO-held information about your super interests with other funds. Any amounts listed on our Benefit Estimates do not take your personal financial circumstances into account, including current or previous super income which may lead to additional tax being imposed by the ATO after it is paid. You should seek independent tax advice from an accountant or appropriately qualified tax professional - we cannot provide individual tax advice.
Contributions caps
Each financial year the Australian Tax Office (ATO) reviews a number of important superannuation caps, rates and thresholds.
This summary is not a complete explanation of the affected caps. Additional information may be relevant depending on your personal circumstances. For more information about any of these caps, please visit the ATO’s website.
From 1 July 2024, the following caps (and more) are:
Cap | Amount |
---|---|
General concessional contribution cap | $30,000 |
General non-concessional contribution cap | $120,000 |
Untaxed plan cap for super lump sums | $1.780 million |
General transfer balance cap | $1.9 million |
Defined benefit income cap | $118,750 |
Frequently asked questions
Add extra money to your super
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