Taxation and Super Funds

Taxation in Accumulation Phase

As previously outlined, Assessable contributions, where the contribution is made by an employer or a tax deduction is claimed on the contributions by the contributor, are included as taxable income of the super fund.

Any investment income in the accumulation phase is also included in the taxable income of the super fund and subject to a maximum of 15% tax.

Super funds receive a 1/3 tax discount on capital gains where the asset is held for longer than 12 months. This brings the effective tax rate on capital gains to only 10%.