is super taken out of my pay?
1 You only pay 15% tax on super contributions from your employer (or member contributions for which a tax deduction is claimed) of up to $30,000 a year (this is called the concessional contributions cap).2  If youâre 50 or over, however, your cap is $35,000 a year.oney taken out of super. You can withdraw your super tax-free once youâve reached the age of 60 and can access your super. And you can even continue to work and access your super with a Transition to Retirement strategy. Watch our video about the tax benefits of superannuation.