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1 July 2024

Why is there a Maximum super contribution base which reduces my General super guarantee to 7.4% of my yearly salary? It reduces my superannuation amount, reduces the tax I pay on my superannuation over the $27,500 threshold. The only thing that it improves is the company I work for pays me less than my employment contract states in terms of meeting the Superannuation Guarantee Act.

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Bruce4Tax(Taxicorn)Taxicorn
1 July 2024

SG is limited so that employers are not forced into making excess contributions.


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Why do we have a Maximum super contribution base? | ATO Community