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Superannuation Guarantee | Superannuation Lump Sum Tax Rates | Personal Income Tax Rates 2009-10 | Surcharge Tax
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.
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% |
| 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.
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.
Refer to the information available on our Surcharge Tax page.