How Your Super Is Taxed & Contributions

Tax and super

Super can be a tax effective way to invest and save for retirement. Most of us will pay less tax on money we put into super and if you access your super after age 60, you'll pay no tax on your super benefit.

Your Tax File Number – the key to paying less tax

If you haven’t given us your Tax File Number (TFN), you’ll pay more tax – up to 47%* on your before-tax and your employer’s SG contributions.

Super funds can’t accept any after-tax contributions from you if you haven’t provided your TFN.

If you’re an AustralianSuper member, you can check whether you’ve provided your TFN and provide it securely online:

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Supply your TFN online

How is super taxed?

Super is taxed in three different ways:

  • when you make a before-tax contribution
  • on investment earnings, and
  • when you withdraw super.

Read our fact sheet to find out about the different kinds of tax and the amounts payable.

* Includes the Medicare levy.

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Our strong long-term investment returns and low fees are helping to grow the savings of 2.1 million everyday Australians.

Supply your TFN and pay less tax

If we don’t have your tax file number your before-tax and employer contributions could be taxed at 47%.