Employer super issues (1)
- Superannuation guarantee (SG) (1.1)
- The superannuation guarantee charge (SGC) (1.2)
- New laws to improve SG compliance (1.3)
- Single touch payroll (1.4)
- Choice of fund (1.5)
- Default super funds (1.6)
- Superannuation clearing houses (1.7)
- Tax deductions for employer contributions (1.8)
- Salary sacrifice arrangements (1.9)
Getting money into super (2)
- What is a contribution? (2.1)
- Contribution eligibility rules - summary table (2.2)
- Adviser Contribution Checklist (2.3)
- Work test (2.4)
- Member contributions (2.5)
- Employer contributions (2.6)
- Tax file numbers (2.7)
- Maximum age limit for contributions (2.8)
- Contributions under lifetime CGT cap (2.9)
- Co-contribution and LISTO can be accepted at any time (2.10)
- Spouse contributions (2.11)
- Child super contributions (2.12)
- Downsizer contributions (2.13)
- Contributions for First Home Super Saver Scheme (2.14)
- Transfers from foreign superannuation schemes are contributions (2.15)
- In specie contributions (2.16)
- Contributions made by non-residents for tax purposes (2.17)
- Contributions made by temporary residents (2.18)
- When is a superannuation contribution made? (2.19)
- Fund-capped contributions (2.20)
Key tax and superannuation thresholds (3)
- Resident marginal tax rates (3.1)
- Low income tax offset (3.2)
- Low and middle income tax offset (3.3)
- Seniors and pensioners tax offset (SAPTO) (3.4)
- Personal tax offsets and rebates (3.5)
- Medical expenses offset (3.6)
Super contributions tax concessions (4)
- Tax deductions for personal super contributions (4.1)
- Spouse contributions tax offset (4.2)
- Employer tax deductions for super contributions (4.3)
- Children and tax deductions for super (4.4)
- Government co-contribution for super contributions (4.5)
- Low income superannuation tax offset (LISTO) (4.6)
Contributions caps and taxation of contributions (5)
- Concessional contributions cap (5.1)
- Concessional contributions carry forward (5.2)
- What is a concessional contribution? (5.3)
- Concessional contributions modifications for constitutionally protected and defined benefit interests (5.4)
- Constitutionally protected funds (CPFs) - concessional contributions (5.5)
- Defined benefit interests - concessional contributions (5.6)
- Contributions and amounts that do not result in excess concessional contributions (5.7)
- Taxation of contributions (5.8)
- Excess concessional contributions (5.9)
- Administration of excess concessional contributions (5.10)
- Historical treatment of excess concessional contributions (5.11)
- No-TFN contributions tax (5.12)
- Higher tax on concessional contributions for very high income earners (5.13)
- Non-concessional cap (5.14)
- Standard 'Bring-forward rule' (5.15)
- Transitional bring-forward rule (5.16)
- What is a non-concessional contribution? (5.17)
- Contributions from personal injury payments (5.18)
- Taxation of non-concessional contributions (5.19)
- Excess non-concessional contributions (5.20)
- Administration of excess non-concessional contributions (5.21)
Taxation of super funds (6)
- Outline of the taxation of complying superannuation funds (6.1)
- Assessable income (6.2)
- Deductions (6.3)
- Superannuation tax rates (6.4)
- When a superannuation income streams starts and ends for tax purposes (TR 2013/5) (6.4)
- Untaxed government superannuation funds (6.5)
Taxation of super benefits (7)
- Summary of taxation of super lump sums (7.1)
- Taxation of super lump sums (member benefits) (7.2)
- Terminal medical condition benefit payments (7.3)
- Taxation of super death benefit lump sums (7.4)
- Tax treatment of death benefit income streams (7.5)
- Taxation of disability super benefits (7.6)
- Taxation of salary continuance insurance benefits (7.7)
- Taxation of rollover super benefits (7.8)
- Taxation of super income stream benefits (member benefits) (7.9)
- Determining the tax-free and taxable proportions of super benefits (7.10)
- Proportioning - accumulation phase (7.11)
- Proportioning - pension phase (7.12)
- Taxation of defined benefit pensions (7.13)
- Taxation of capped defined benefit income streams (7.14)
CGT small business concessions and contributions to super (8)
- Lifetime CGT cap (8.1)
- CGT cap election form must be provided (8.2)
- Capital gains tax (CGT) concessions for small business (8.3)
- Steps in navigating small business CGT concessions (8.4)
- Basic conditions for small business CGT concessions (8.5)
- Small business 15-year exemption (8.6)
- Small business 50% (active asset) reduction (8.7)
- Small business retirement exemption (8.8)
- Small business rollover (8.9)
- Small business contribution timeframes (8.10)
- Death and the small business CGT concessions (8.11)
- In specie transfers to an SMSF and the small business CGT concessions (8.12)
- Contributions relating to earnout arrangements (8.13)
- Partners in a partnership (8.14)
Social security (9)
- Social security assessment of superannuation (9.1)
- Means testing of retirement income streams (9.2)
- Social security treatment of retirement income streams (9.3)
- Lifetime income streams (9.4)
- Asset tested (long term) (9.5)
- Asset tested (short term) (9.6)
- Asset test exempt income streams (9.7)
Foreign super (10)
- Contributions caps and foreign super transfers (10.1)
- Transfer within six months (10.2)
- Transfer after six months (10.3)
- What if the individual receives a withdrawal directly from an overseas super fund? (10.4)
- Applicable fund earnings (10.5)
- Normal contribution rules and caps apply (10.6)
- UK pension transfers (10.7)
- Super portability between Australia and New Zealand (10.8)
Moving super (11)
- Portability - transferring super balances (11.1)
- Spouse contribution splitting - transferring recent contributions (11.2)
- Relationship breakdown - transferring super to another spouse (11.3)
- When money must be transferred to the ATO (11.4)
Getting money out of super (12)
- Preservation (12.1)
- Preservation age (12.2)
- Conditions of release with 'nil' cashing restrictions (12.3)
- Retirement condition of release (12.4)
- Permanent incapacity (12.5)
- Termination of gainful employment (restricted non-preserved amounts) (12.6)
- Terminal medical condition (12.7)
- Conditions of release with cashing restrictions (12.8)
- Temporary residents and conditions of release (12.9)
- Severe financial hardship (12.10)
- Compassionate grounds (12.11)
- Termination of gainful employment (preserved amounts) (12.12)
- Temporary incapacity (12.13)
- Compulsory cashing (12.14)
- In specie payments (12.15)
Insurance in super (13)
- Types of insurance which may be held in super (13.1)
- Total and permanent disability (TPD) insurance (13.2)
- Income protection insurance (13.3)
- Trauma Insurance (13.4)
- Grandfathering of pre 1 July 2014 insurance policies (13.5)
- Pre 1 July 2014 insurance considerations (13.6)
- Taxation of insurance premiums (13.7)
- Taxation of insurance benefits (13.8)
- Insurance premiums and contributions caps (13.9)
- Tax treatment of group insurance (13.10)
- Salary continuance insurance comparison (13.11)
- Insurance may be prohibited/cancelled where a member's account becomes inactive (13.12)
Super and estate planning (14)
- Death benefit payments (14.1)
- Super not part of an estate (14.2)
- Compulsory cashing of benefits upon death (14.3)
- Who can be paid a super death benefit? (14.4)
- Form in which death benefits may be cashed (14.5)
- Can death benefits be paid in specie? (14.6)
- Death benefit nominations (14.7)
- Rollovers of super death benefits (14.8)
- Anti-detriment payment (14.9)
- Taxation of superannuation lump sum death benefits (14.10)
Transition to retirement (15)
- Payment rules (15.1)
- Preservation of benefits in TTR income streams (15.2)
- Taxation of income stream payments (15.3)
- Taxation of commutations (15.4)
- Social security assessment (15.5)
- Social security assessment (15.6)
- When does a TTR income stream become (15.7)
- Taxation of assets supporting TTR income streams (15.8)
- Transfer balance cap (15.9)
- Estate planning (15.10)
- TTR strategies (15.11)
Retirement phase income streams (16)
- Introduction to superannuation income streams (16.1)
- Condition of release (16.2)
- Types of super income streams that can be paid (16.3)
- Overview of income stream standards (16.4)
- Retirement phase income streams (16.5)
- Taxation of superannuation income streams (16.6)
- Social security assessment (16.7)
- Payment rules (16.8)
- Payment standards for lifetime income streams (16.9)
- What are the payment standards for fixed term income streams? (16.10)
- Payment standards for term allocated pensions (TAP clones) (16.11)
- Payment standards for non-account-based (RCV) income streams (16.12)
- Capped defined benefit income streams (16.13)
- Complying income streams (16.14)
ATO administration of super contributions (17)
- How does the ATO track member contributions? (17.1)
- Member responsibility to track contributions (17.2)
Total superannuation balance (18)
- Superannuation measures impacted by total superannuation balance (18.1)
- Difference between total superannuation balance and transfer balance cap (18.2)
- Total superannuation balance (18.3)
- Accumulation phase value (18.4)
- Retirement phase value (18.5)
- Rollover superannuation benefits (18.6)
- Adjustment for structured settlement contributions (18.7)
- Special rules for deferred superannuation income streams (18.8)
- Total superannuation balance treatment of reversionary income streams (18.9)
Transfer balance cap (19)
- Transfer balance cap (19.1)
- General transfer balance cap (19.2)
- Personal transfer balance cap (19.3)
- Modified transfer balance cap rules for death benefits (19.4)
- Transfer balance account (19.5)
- Transfer balance account credits (19.6)
- Value of retirement phase income streams (19.7)
- Transfer balance account debits (19.8)
- Exceeding the transfer balance cap (19.9)
- Excess transfer balance transitional rules (19.10)
- Excess transfer balance determination (19.11)
- Seven steps to reducing excess transfer balances prior to determination (19.12)
- What to do if an excess transfer balance determination is issued (19.13)
- Notional earnings (19.14)
- Excess transfer balance tax (19.15)
- Fund compliance with commutation authorities (19.16)
- Modifications for capped defined benefit income streams (19.17)
Capped defined benefit income streams (20)
- Capped defined benefit - Introduction (20.1)
- Transfer balance cap modifications (20.2)
- Taxation of pension/annuity payments from capped defined benefit income streams (20.3)
First home super saver (FHSS) scheme (21)
- FHSS Scheme Overview (21.1)
- Eligibility requirements (21.2)
- How much can be contributed (21.3)
- Releasing amounts under FHSS Scheme (21.4)
- Purchasing first home under FHSS Scheme (21.5)
Contributing the proceeds of downsizing to superannuation (22)
- Downsizer contributions - Overview (22.1)
- Eligibility requirements (22.2)
- Not subject to existing contribution tests (22.3)
- Qualifying dwelling in Australia (22.4)
- Downsizer contribution cap, notification and timeframes (22.5)
- Contribution is not a downsizer contribution (22.6)
- Strategy considerations (22.7)

Contributions caps and taxation of contributions

Contributions and amounts that do not result in excess concessional contributions

Section: 5.7

For financial years commencing on or after 1 July 2017, the amounts listed below that count towards the concessional contributions cap do not, on their own, cause an individual to exceed their concessional contributions cap. Instead, the sum of those contributions is taken to be equal to the concessional contributions cap and cannot create an excess.

Contributions and amounts that do not result in excess concessional contributions (on their own)

Contributions to a CPF that would be counted as concessional contributions (including notional taxed contributions to CPFs and defined benefit contributions in excess of notional taxed contributions to CPFs)
Notional taxed contributions where the grandfathering transitional rules apply. (These rules do not apply to CPFs)
Defined benefit contributions - notional taxed contributions (to the extent this excess does not relate to an interest in a CPF).

Last modified: Tuesday, July 23, 2019

← Previous Page