The assessable income of a super fund generally includes all types of income from its investments such as interest, dividends, rent and capital gains.
However, it also includes concessional contributions received on behalf of its members, which includes all contributions the member or employer making the contribution claims as a tax deduction.
This is why they are known as taxable contributions and therefore incur contributions tax of 15% (increasing to 30% for individuals with income greater than $250,000) when received by the super fund. Any contribution tax is withheld by the super fund and forwarded to the ATO.
Some of the main types of concessional contributions are: