if I go back to work after accessing super what tax do I pay?

 Author: SebReiter(Devotee)Devotee

13 Sept 2023

Hi Lono

If you're talking about the tax that you pay on a super income stream - once you reach age 60 it's the case for most people that the full income stream will be non-assessable non-exempt, so there'll be no interaction at all between the income you receive from super and any income you receive from employment. You'll pay income tax as usual on your employment income and won't pay any tax on your super income.

If you're under age 60, then for most people the full super income stream will be included in assessable income, as will your employment income. So the combined income amount will be taxed at the income tax rates. But you'd receive a 15% tax offset for the super income, meaning you'd pay less tax overall than if it were all employment income.

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