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:
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.