Taxation information
Income Tax Concessions for Superannuation Contributions
NTGPASS does not accept pre-tax superannuation contributions from employment outside the NT Public Service. This means that salary sacrifice, employer contributions (such as superannuation guarantee) and tax deductible contributions (from self-employed members) cannot be made to NTGPASS.
Superannuation Guarantee
Minimum Level of Employer Superannuation Support | |
Financial Year | Percentage of Ordinary Time Earnings |
1998-99 and 1990-00 | 7% |
2000-01 and 2001-02 | 8% |
2002-03 to 2012-13 | 9% |
2013-14 | 9.25% |
2014-21 | 9.5% |
2021-22 | 10% |
2022-23 | 10.5% |
2023-24 | 11% |
2024-25 | 11.5% |
From 1/7/2025 | 12% |
Superannuation Lump Sum Tax Rates
| Tax Free Component | 0% |
| Taxable Component | |
| Taxed Element | |
| Under preservation age | 20% |
| Preservation age to 59 years |
0% up to LRC* 15% over LRC* |
| Age 60 and over | 0% |
| Untaxed Element | |
| Under preservation age |
30% up to $1.48 million 45% over $1.48 million |
| Preservation age to 59 years |
15% up to LRC* 30% over LRC* up to $1.48 million 45% over $1.48 million |
| Age 60 and over |
15% up to $1.48 million 45% over $1.48 million |
- Note: Tax rates do not include Medicare Levy (2%).
- LRC: Low Rate Cap for 2018-19 is $205 000
Personal Income Tax Rates 2018-19
Taxable Income | Marginal Income Tax Rate |
Up to $18 200 | Nil |
$18 201 to $37 000 | 19% |
$37 001 to $90 000 | 32.5% |
$90 001 to $180 000 | 37% |
Excess over $180 000 | 45% |
Note: rates do not include the Medicare Levy of 2% of taxable income.
Superannuation Surcharge
The superannuation contributions surcharge was a Commonwealth Government tax on employer contributions to superannuation funds for high-income earners. Superannuation surcharge was abolished from 1 July 2005. Surcharge debts accrued prior to this date are still payable and accrue interest at the Commonwealth 10 year Treasury bond rate. You can elect to make a payment against the surcharge debt by completing the Surcharge Payment form DOCX (152.6 KB).
Last updated: 15 July 2019