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 (152.6 kb).

Last updated: 15 July 2019

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