As we are now in the last quarter of the 2013 financial year, there is an opportunity to assess and plan your superannuation obligations and compliance. If you make employer / concessional contribution in excess of $25,000 for the 2013 financial year you may be liable for excess contributions tax. Other types of concessional contributions include:

1.    Salary Sacrifice payments made to your superannuation fund;

2.    Payment of superannuation fund expenses from a source that is not within the superannuation fund, i.e., using your personal bank account to pay for insurance premiums; accounting and advising fees; taxation liabilities etc.; and

3.    Amounts that you may allocate from the superannuation fund reserves to members accounts.

The excess contribution tax rate is 31.5%.  You will therefore be paying 46.5% on all contributions exceeding $25,000.  Refer Superannuation (Excess Concessional Contributions) Tax Act 2007 Section 5.