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After-tax contributions

The more you contribute and the earlier you do it, the greater the effect that investment earnings could have on your super benefit. So putting a bit extra in today could make a big difference when you retire!

Personal after-tax contributions

Main benefits

Personal contributions can boost your super savings; importantly, any earnings on such contributions are taxed atadvantageous concessional tax rates. If you make personal (after-tax) contributions you may also qualify for the Government co-contribution.

What you need to know

You can contribute $100,000 per year, or up to 300,000 using the three-year bring forward rule. The amount you can bring forward decreases once your total super balance has reached $1.4 million. If your total super balance is in excess of $1.6 million, you can no
longer make any after-tax contributions.

Tax on entry

Nil; after tax contribution

Eligibility

If you’re over 67, you must have worked for at least 40 hours over 30 consecutive days in a financial year to qualify (also known as the work test). Alternatively, you may be eligible if you’ve met the work test the previous financial year and have a total super balance of less than $300,000. Once you turn 75, you can no longer make after-tax contributions. We must have your tax file number to be able to accept contributions.

Jump start your contributions

  • The “best” contribution depends on your circumstances, such as your income level, tax situation and age.
  • Get help if you need it: we can provide you with information and advice to help you make the most of your contributions.
  • Make extra contributions a habit to boost your retirement savings.

 

We’re here to help

If you have questions about after-tax contributions and how it could help boost your super, we can help. Contact us on 1800 682 626 between 8:00 am and 8:00 pm AEST Monday to Friday, or make an enquiry online.

Check your retirement income with the Equip calculator

Get in touch

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