Changes to super

Is the $100,000 threshold per person and determined by the allocation of monies within the SMSF, or is the $100,000 threshold based on the total income?

A: It is worked out on an individual basis. The Fund's total income for the year is apportioned between the members, based on effectively their average balance.

If a member's income is > $100,000, then tax would be be payable on the amount in excess at 15%.

I hope this answers your question.

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