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.