Concessional Contributions (CC)

A type of contribution made to super. CC’s are full of their own importance as they like to be known by different names. AKA pre tax or salary sacrifice contributions. Employer contributions are also counted as CCs. CCs are taxed at 15% when they go into super and there is a limit on how many CCs you can throw into super, known as a Concessional Contributions Cap. Not hat, visor or beret. Just cap.