Calculating surcharge

The surcharge may need to be paid if a member's adjusted taxable income exceeds a certain amount. Generally, a member's adjusted taxable income is the total of their:

• taxable income
• reportable fringe benefits amounts (for the 1999–2000 and later financial years)
• surchargeable contributions.

We get a member's taxable income, reportable fringe benefit amounts and deductible personal contribution details from their tax return. We get our information about surchargeable contributions from the Superannuation member contributions statement.

When we have this information, and a member's adjusted taxable income is higher than the lower income amount for the relevant year, we calculate the surcharge to apply to their surchargeable contributions.

Table 1: Lower and higher income amount

Income year	Lower income amount	Higher income amount	Divisor (used in formula)
2005–06 onward	Surcharge abolished	Surcharge abolished	N/A
2004–05	$99,710	$121,075	1,709.20000
2003–04	$94,691	$114,981	1,399.31034
2002–03	$90,527	$109,924	1,295
2001–02	$85,242	$103,507	1,219
2000–01	$81,493	$98,955	1,165
1999–2000	$78,208	$94,966	1,118
1998–99	$75,856	$92,111	1,084
1997–98	$73,220	$88,910	1,046
1996–97	$70,000	$85,000	1,000

The adjusted taxable income is compared to the lower and higher income amounts to determine the rate of surcharge that applies to a member's surchargeable contributions. The number in the Divisor column is used in the calculation.

If a member's adjusted taxable income is equal to or below the lower income amount for the financial year, they don't pay a surcharge.