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Super Contributions

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Newbie

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Is an employer required to contribute super for a full-time employee when the employee is aged over 75 years? If so, how is the super taxed?

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Devotee

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Yeah, the SG Act was amended quite a few years ago to allow employer SG contributions to be paid, for those 75 and above, into their super funds.

 

Super is still taxed in the same way. (15% on the way in / during accumulation, 0% on the way out during pension - subject to certain rules.)

1 REPLY 1

Most helpful response

Devotee

Replies 0

Yeah, the SG Act was amended quite a few years ago to allow employer SG contributions to be paid, for those 75 and above, into their super funds.

 

Super is still taxed in the same way. (15% on the way in / during accumulation, 0% on the way out during pension - subject to certain rules.)