Is superannuation taxed?

Super contributions and withdrawals are generally taxed, however under some circumstances may be tax free. If your super is taxed, you may find it to be lower than tax on income and investment earnings outside of super.

There are also tax advantages to super, making it one of the most tax-effective ways to save for your future, with benefits you can also enjoy today.

How is super taxed?

Super can be taxed in three different ways:

According to the Australian Securities and Investments Commission’s MoneySmart website,¹ how much tax you pay on your super contributions and withdrawals depends on your total super amount, your age, and the type of contribution or withdrawal you make.

Learn more in the QSuper Tax Explanation factsheet.

Keep your goals on track

Make smart decisions with the help of a professional financial adviser.*

Find out more

*Deciding what is best for you will depend on your personal circumstances and you may want to seek personal financial advice to get the most from your superannuation. You can find out more about financial advice options at qsuper.qld.gov.au/advice

1. Australian Securities and Investments Commission, MoneySmart, How super works: Tax and super, at moneysmart.gov.au