Based on the details you entered, your salary sacrifice contribution may have exceeded the concessional contributions cap for 2024-25. The limit is $30,000 from 1st of July 2024.
However, special conditions apply to SSS. For full details, see the More info tab which includes a link to our Concessional contributions cap fact sheet.
Current situation | New scenario | |
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Gross assessable income | ||
Salary sacrifice (pre-tax contributions) | ||
Taxable income | ||
PAYG tax payable (excludes Medicare) | ||
After-tax contributions | ||
Net after-tax income |
Current situation | New scenario | |
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Annual salary sacrifice contributions | ||
Contributions tax @ 15% | ||
After-tax contributions | ||
Total net SSS superannuation contributions | ||
Commonwealth Government co-contributions |