Tax on earnings
Earnings in super may be taxable or tax-free.
When are earnings taxable?
Earnings in super are taxed at a maximum rate of 15% while you build up your savings (known as the accumulation phase, opens in new window) or you have used your super to start a transition to retirement, opens in new window pension that is still in the pre-retirement phase, opens in new window.
This 15% tax rate may be reduced in the fund by tax deductions or tax credits.
Capital gains realised on assets held by the fund for more than 12 months are effectively taxed at 10%.
When are earnings tax-free?
Earnings are tax-free if you have used your super to start an account based pension, opens in new window or defined benefit pension, or you have money in a transition to retirement pension that has entered retirement phase, opens in new window.
What next?
Find out more about Super and retirement rules.
Got a question?
Get set in the right direction with help and guidance available over the phone, online or face-to-face.
General advice and information only
Any advice and information on this website is general only, and has been prepared without taking into account your particular circumstances and needs. Before acting on any advice on this website you should assess or seek advice on whether it is appropriate for your needs, financial situation and investment objectives.
Tax disclaimer
Any general tax information on this website is intended as a guide only and is based on our general understanding of taxation laws. It is not intended to be a substitute for specialised taxation advice or an assessment of your liabilities, obligations or claim entitlements that arise, or could arise, under taxation law, and we recommend you consult with a registered tax agent.
Call us on 1300 55 7586 opens in new window|tel: 1300557586 Monday to Friday 8am-7pm AEST (8pm daylight savings time).
Request a call back opens in new window and we’ll be in touch.
