Report

Superannuation 2010-2011

10 Sep 2010
Description

This paper, updated for the 2010-11 financial year, is designed to provide readers with a summary of superannuation taxation, contribution, preservation and payment rules, and covers amongst others, the following topics:

  • the taxation of superannuation contributions and benefits
  • the level of superannuation contributions that employers must make (Superannuation Guarantee) (SG)
  • the ability of superannuation fund members to direct contributions and benefits to different funds, such as choosing the destination fund for the SG contributions made on their behalf (Choice rules)
  • the government co-contributions scheme for low income earners
  • the ability to split superannuation contributions with a person’s spouse
  • taxation of superannuation fund income
  • the preservation rules that came into operation on 1 July 1999
  • the application of the goods and services tax (GST) to superannuation, and
  • self managed superannuation funds.
Publication Details
Published year only: 
2010
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