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5 Tax and Structures

Superannuation taxation

Regardless of whether you use a retail super fund, an industry super fund or a self-managed super fund (SMSF) the taxation rules applying to superannuation are the same.

Super funds need to have a trustee and a trust deed. Super funds also have members, and they generally run as a trust.

Generally, tax is deducted from the super fund's income and the after-tax income, less fees and any charges, is added to the member’s account balance.

The tax is paid by the super fund, not you personally. A member does not need to include any income generated by their super fund in their personal taxable income.

Superannuation has its own rules and tax requirements. You can read more about superannuation in the superannuation module

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