Superannuation Rates & Thresholds

The Tax Office has released the following superannuation rates and thresholds for the 2009/10 income year:

* Superannuation guarantee maximum contribution base:
$40,170 for each quarterly contribution period. An employer does not need to provide the minimum 9 per cent superannuation guarantee support for an employee's ordinary time earnings above this limit.

* Superannuation co-contribution income thresholds:
The lower total income threshold to qualify for the maximum co-contribution is $31,920. The higher income threshold where the co-contribution completely phases out is $61,920.