Surcharge liability

Super contributions surcharge is an additional tax on certain contributions made to a super fund after 20 August 1996 and before 1 July 2005.

Although the government abolished the super surcharge, it does not affect any existing and future surcharge liabilities that arise for certain contributions made between 20 August 1996 and 30 June 2005.

Members of a constitutionally-protected fund like Gold State Super, are not required to pay the surcharge liability until they have left the fund or start receiving a pension.

For more information read the Superannuation Contributions Surcharge fact sheet or call our Adviser Direct line on 08 9211 6690.