Is superannuation taxed?

Yes, your super is taxed, but how it’s taxed depends on the type of contribution and/or withdrawal.

Any before-tax contributions, for example your employer contributions or salary sacrifice contributions, are generally taxed at 15%. Any after-tax contributions, such as SUPERSUPER payments or voluntary contributions, aren’t taxed at all. And any earnings you generate on your super is generally taxed at 15%.

If you’re over 60 and are looking to withdraw your super, it won’t be taxed. If you withdraw any of your super before your 60, you’ll generally be taxed between 17% and 22%.