Is the 9% compulsory employer contribution superannuation taxed?

the short answer is not when it is taken from your employer it is not taxed until you take it out of your super if under 55 years old

Compulsory Employer Contributions

The 9% compulsory employer contribution superannuation is indeed taxed at 15% - but it is payable by the trustee of your superfund. So you won't have to stress about including the amount in your tax return or anything like that. The trustee of your superfund prepares their tax return every year, and that contribution that you mentioned, will need to be included as part of their assessable income.

When you pull out the money, say when you retire, assume by that stage you will be 56, you will then get a 15% tax offset on the amount when you do your tax return.

There are more to it than this. But hope the above helps.

In some years there will be no previous age pensions in Australia. the government realised that with an getting previous inhabitants that it ought to no longer financially discover the money for to pay all of us of their retirement. that is while superannuation became into presented. Superannuation is paid ON miraculous of an workers wages via the corporation. case in point, while you're earning 40k according to year, you pay your earnings tax on that 40k and not the rest. Your corporation then has to pay one extra 9% on miraculous of your wages right into a superannuation fund. At 40k according to year this implies your corporation is paying 3600 according to year right into a great fund so as which you have funds to retire on. This 3600 is extra to year on year and earns interest so in result earning you funds long term. you're earning 43600 according to year yet only paying tax on 40000. while you're traumatic related to the corporation it fairly is preserving your great funds going bust and taking your retirement funds with it, then you definately can shop on your person superannuation provider. Your corporation has to pay the the superfund of your determination. in the adventure that your have been interior the united kingdom then almost 40% of your wages could dissapear on Tax and nationwide coverage. The nationwide coverage is the government taking funds off the taxpayer to pay you back once you retire.