- Customer Help Centre
- Superannuation
- Understanding Superannuation
Concessional Contributions
Your employer makes regular concessional super contributions of 11.5% (as of the 24/25
financial year) of your salary. You can also make contributions called salary sacrifice, from your income, before tax. Your contribution is taxed at a lower rate (up to 15%) which can be a tax-effective option, based on your income.
Small amounts now can make a big difference to your super balance in retirement, and you can claim personal contributions as a tax deduction. The annual cap for concessional contributions is $30,000 from 1 July 2024.