Concessional Contributions

Concessional contributions are contributions made into an SMSF that are included in the SMSF’s assessable income. The contributions are taxed in your SMSF at a “concessional” rate of 15%.

Most SMSFs receive concessional contributions from their employers at a rate of 9.5%.  Trustees making concessional contributions can claim an income tax deduction.

Concessional contributions are subjected to a yearly cap of $30,000 per financial year.

 

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