Tax Tables SUPERANNUATION CONTRIBUTIONS, Australia

SUPERANNUATION WITHDRAWALS 2010/2011
Income yearAge	Cashing of Benefits	Amount of capExemptions
<55	Not Permitted	Death Permanent Incapacity Severe Financial Hardship Compassionate grounds
56 – 59	Not Permitted	Permitted to cash benefits where: Their preservation age is less than 60; An arrangement under which they are 'gainfully employed' has ended; and The trustee is satisfied that the member intends never again to become gainfully employed, either part time of full time; OR Any of the exemptions listed above are satisfied; OR Under a transition to retirement pension.
60 – 64	Not Permitted	Permitted to cash benefits where: An arrangement under which the member was gainfully employed is terminated (even if the person subsequently enters gainful employment again); OR Any of the exemptions listed above are satisfied;OR Under a transition to retirement pension.
65+	Permitted

SUPERANNUATION CONTRIBUTIONS

Concessional contributions cap

Income year

Amount of cap
(50 and over)

Amount of cap
(under 50)

2010/2011

$50,000

$25,000

2009/2010

$50,000

$25,000

2008/2009

$100,000

$50,000

2007/2008

$100,000

$50,000

Non-concessional contributions cap

Income year

Amount of cap

2010/2011

$150,000

2009/2010

$150,000

2008/2009

$150,000

2007/2008

$150,000

Bring forward available	Under 50	50-64	65 & over
	3 year	3 year - access via lump sum	Not available

CGT cap amount

Under the CGT cap, you can, during your lifetime, exclude non-concessional
super contributions from the non-concessional contributions cap up to the CGT
cap amount. The CGT cap applies to all excluded CGT contributions, whether they
were made between 10 May 2006 and 30 June 2007 or after 30 June 2007.

Income year

Amount

2010/2011

$1.155 million

2009/2010

$1.1 million

2008/2009

$1.045 million

2007/2008

$1 million

Types of contributions

Age of member	Mandated employer contributions#	Voluntary employer contributions*	Member contributions	Spouse contributions
Under 65	always	always	always	always
65 – 69	always	must meet work test **	must meet work test **	must meet work test **
70 – 75	sometimes***	must meet work test **	must meet work test **	not permitted
75 & over	sometimes***	not permitted	not permitted	not permitted
# e.g. Award, Superannuation Guarantee * e.g. salary sacrifice Must be gainfully employed for at least 40 hours within no more than 30 consecutive days prior to making, and in the same financial year as, the contribution. * Award contributions are the only form of mandated contribution after age 70.