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Taxation of super benefits

Untaxed plan cap amount

Section: 7.10

The untaxed plan cap amount for a super plan for the 2016-17 income year is $1.415 million. This cap is indexed annually to AWOTE in $5,000 increments.

Reductions and increases
The untaxed plan cap amount is a per plan limit, ie a separate untaxed plan cap applies to each super plan from which a person receives super lump sum member benefits. The untaxed plan cap amount for each super plan is reduced by the total amount of each untaxed element of a super lump sum that a person has received, including rollovers (except internal rollovers).

Last modified: Tuesday, May 2, 2017