Tax Facts
Deductible Superannuation Contribution Limits
For the 2009/10 year, the maximum concessional superannuation contributions that can be claimed by an employer or a substantially self employed person is as follows:
Below 50 years of age at 30 June: $25,000 (indexed) *
Age 50 and over at 30 June: $50,000 (unindexed) **
* Both employers and substantially self employed persons are entitled to claim a full tax deduction for the entire contributions made.
** This is a transitional measure that applies up to the 2011/12 year, upon which the limit will reduce to the standard $25,000 indexed amount.
Note that contributions above these limits can still be claimed as a full deduction, but will be taxed at an overall effective rate of 46.5%.
