Your super account may be taxed at three distinct phases:
- When contributions are made to your account;
- When earnings are generated for the investment option your account is invested in; and
- When withdrawals are made from your account.
Super contributions are generally taxed at 15% at the time when those contributions are received by your super fund.
Investment earnings are generally taxed at 15%. This tax is calculated and deducted before investment returns are applied to your super account. Tax on withdrawals depends on the type of withdrawal you are making, and your age at the date of withdrawal.