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Concessional contributions

Types of concessional contributions

Section: 4.2

4.2 Types of concessional contributions

Concessional contributions include:

Type Description
Salary sacrifice amounts Voluntary contributions made by an employer to a members super fund.
Super guarantee (SG) Employer contributions satisfying their SG obligations including the shortfall component of SG charge paid to a fund by the ATO.
Notional taxed contributions The notional amount of contributions (excluding after-tax member contributions) that related to a member's defined benefit interest.
Voluntary employer contributions Any employer contributions exceeding an employer's super guarantee obligations, including fund costs paid by the employer (e.g. administration fees and insurance premiums)
Personal tax deductible contributions Member contributions for which a tax deduction is claimed
Certain allocations from a reserve An amount within SMSF that have not been allocated to a particular member.
Third party (family and friend) contributions Contributions made by a third party other than:
  • those made by the employer or spouse of the member
  • those made for a child under 18
  • the government co-contribution

This technical resource is intended for the use of financial advisers only. It is current as at the date of publication but may be subject to change. This publication has been prepared without taking into account a potential investor's objectives, financial situation, needs or objectives. Before making a recommendation based on this material, you should consider its appropriateness based on the client's objectives, financial situation and needs. Rainmaker Group is not a registered tax agent under the Tax Agent Services Act 2009. Your client should refer to a registered tax agent before relying on information published herein that may impact their tax obligations, liabilities or entitlements.

Last modified: Friday, July 9, 2021