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_KGmsk(Newbie)Newbie
28 Apr 2021

Is it possible to negotiate with an employer only to pay superannuation contributions up to the annual cap of $25,000 or are they obliged to continue to pay until they reach their mandated 9.5% contribution? I have two employers and so it is more complex as one of them will need to account for the contribution of the other in order to calculate their contribution. Has anybody negotiated this?

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2,182 views
2 replies

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Most helpful replyATO Certified Response

TaxedoMask(Devotee)Devotee
ATO Certified Response29 Apr 2021

There's an exemption certificate here.

You'll need to think about how to negotiate with your employers though.

or

Just withdraw the excess (elect to release - here) You might pay a bit more tax here but it's a fall back if the negotiations get "too hard".

All replies

Most helpful replyATO Certified Response

TaxedoMask(Devotee)Devotee
ATO Certified Response29 Apr 2021

There's an exemption certificate here.

You'll need to think about how to negotiate with your employers though.

or

Just withdraw the excess (elect to release - here) You might pay a bit more tax here but it's a fall back if the negotiations get "too hard".

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I have two employers both of who pay superannuation. How do I avoid exceeding the annual cap? | ATO Community