Home > Taxation Information

Taxation Information

Superannuation Guarantee | Superannuation Lump Sum Tax Rates | Personal Income Tax Rates 2009-10 | Surcharge Tax

Income Tax Concessions for Superannuation Contributions

NTGPASS does not accept pre-tax superannuation contributions from retained members or as a result of 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 Suppport
Financial Year	Percentage of Ordinary Time Earnings
1998-99	7%
1999-00	7%
2000-01	8%
2001-02	8%
2002-03 (onwards)	9%

Back to top

Superannuation Lump Sum Tax Rates

Tax Free Component	0%
Taxable Component
Taxed Element
Under age 55	20%
Age 55 - 59	0% up to LRC* 15% over LRC*
Age 60 and over	0%
Untaxed Element
Under age 55	30% up to $1.1 million 45% over $1.1 million
Age 55 - 59	15% up to LRC* 30% over LRC* up to $1.1 million 45% over $1.1 million
Age 60 and over	15% up to $1.1 million 45% over $1.1 million

Note: tax rates do not include Medicare Levy (1.5%)

*LRC: Low Rate Cap for 2009-10 is $150,000 and is indexed each financial year to Average Weekly Ordinary Times Earnings in $5,000 amounts.

Back to top

Personal Income Tax Rates 2009-10

Taxable Income	Marginal Income Tax Rate
Up to $6,000	Nil
$6,001 to $35,000	15%
$35,001 to $80,000	30%
$80,001 to $180,000	38%
Excess over $180,000	45%

Note: rates do not include the Medicare Levy of 1.5% of taxable income.

Back to top

Superannuation Surcharge

Refer to the information available on our Surcharge Tax page.

Back to top