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For VicSuper, sustainability is not a buzzword, it is at the core of all operational and financial decisions. Following the principles of sustainability, VicSuper aims to be as transparent and sound in its governance as we expect from the companies that we invest in. Take a look at our practices to see the VicSuper difference.

Michael Dundon, VicSuper Chief Executive

Refund of excess contributions

Refund of excess contributions

You may now be able to have limited excess concessional contributions that breach your concessional contribution cap taken out of your super fund.

The refunded amount will be taxed at your marginal tax rate instead of the excess contributions tax rate (31.5% in addition to the 15% contributions tax). However, it is only available for excess contributions of up to $10,000. This measure will apply for first time cap breaches only and for contributions made in 2011/12 onwards.

The ATO will assess your eligibility and write to you regarding your options. As such, you cannot apply for the offer. Please note that the refund is managed by the ATO, not your super fund.

For more information please contact the ATO.

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The information on this website is of a general nature only and does not take into account your objectives, financial situation or needs. You should consider the appropriateness of the information and read the relevant VicSuper Product Disclosure Statement before making a decision on whether to join VicSuper. You may wish to seek professional advice for your own circumstances before you take any action and can contact VicSuper to make an appointment to see one of our superannuation advisers. VicSuper Pty Ltd ABN 69 087 619 412 AFSL 237333 is the Trustee of VicSuper Fund ABN 85 977 964 496.