Concessional Contributions
Concessional contributions are super payments made before tax, usually through employer contributions or salary sacrifice that are taxed at a lower rate inside your super fund.
Quick Reference:
15% tax rate. Capped. Lower Taxable Income.
Expanded Explanation:
Concessional contributions use pre-tax money, meaning you receive a tax benefit. They include the Super Guarantee, any extra contributions you salary sacrifice, and personal contributions you claim as tax deduction. These are taxed at only 15% when added to your super, usually less than most income tax rates making them a popular strategy for long term savings.