First State Super Logo

Home

Taxation of super benefits

Untaxed plan cap amount

Section: 7.11

The untaxed plan cap amount for a super plan for the 2014/15 income year is $1.355 million ($1.315 million for 2013/14). 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: Thursday, July 17, 2014