There are lots of reasons why you might want to return to some kind of employment after you've retired – and we can help you through the process.

Whether you've had a change of plans, or a change of heart, if you’re under 65 you can still contribute to super, regardless of whether you're working full-time, part-time or not at all. Bear in mind though that there are contributions caps that apply, beyond which you’ll need to pay excess tax.

Once you hit 65, you'll need to meet the work test if you want to make personal contributions to super.

This means you need to be employed for at least 40 hours over a period of 30 consecutive days during the financial year. You can be employed by a company or self-employed, in any business trade, profession, vocation, calling, occupation or employment.

If you are aged 65-74 and have a total superannuation balance below $300,000 as at the previous 30 June, you can make voluntary contributions to your super for 12 months from the end of the financial year in which you last met the work test. This is known as the work test exemption.

Once you turn 75 you can't make any personal contributions to your super account. 

If you don't meet the work test or work test exemption, your employer can still make super contributions to your fund, even if you can’t make personal payments (this includes standard and voluntary contributions).

Talk to QInvest today for affordable and personal financial advice.