What are the current aged-based superannuation deduction limits?
The aged-based superannuation deduction limits for the years ended 30 June 2005 and 30 June 2006 are as follows: Age 2005 Limit 2006 Limit $ $ Under 35 13,934 14,603 35 to 49 38,702 40,560 50 and over 95,980 100,587 A Self-employed person’s deduction for superannuation contributions paid is limited to the lesser of: · $5,000 plus 75% of the excess over $5,000; and The person’s aged-based limits (per above)
The aged-based superannuation deduction limits for the years ended 30 June 2005 and 30 June 2006 are as follows: Under 35 13,934 14,603 35 to 49 38,702 40,560 50 and over 95,980 100,587 A Self-employed person’s deduction for superannuation contributions paid is limited to the lesser of: • $ 5,000 plus 75% of the excess over $5,000; and • The person’s aged-based limits (per above)
