Add extra to your super

Making extra contributions to your super now could make a big difference when you retire

What's a super contribution?

When money's paid into your super account (whether it's from your employer or you), it's called a super contribution. Generally, super contributions are split into 2 types:

  1. Concessional or before-tax contributions
  2. Non-concessional or after-tax contributions

No matter how much extra you decide to contribute to your super, every little bit can add up.

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Contribution caps

Adding extra money to your super is a great way to grow your retirement savings, but there are limits to how much you can add. Too much can mean extra tax.

Types of concessional super contributions (before tax)

Employer contributions

Your employer must pay the superannuation guarantee (SG) rate of 12% to your super. And some may pay you more if you add your own contributions.

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Salary sacrifice to your super

Paying money into your super from your before-tax salary could mean paying less income tax while you grow your retirement savings.

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Split your super contributions

Want to contribute to your spouse's super? Move some of your before-tax contributions to them and you both could benefit.

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Contribute to your super after tax (non-concessional)

Voluntary super contributions

Even small amounts from your after-tax pay can help build up your savings for a better future. You may also be eligible for a tax deduction on voluntary (after tax) contributions (which will turn your them into before-tax contributions).

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Spouse contributions

Top up your spouse’s superannuation from your after-tax income and you could be eligible to get a tax offset of up to $540. Before topping up your spouse's super, check to make sure they haven't gone over their contributions cap for the financial year.

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How the government helps you grow your super

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Low income super tax offset (LISTO)

If you earn less than $37,000 per year, the government could refund the tax you pay on any before-tax contributions made to your super up to a maximum of $500.

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Super co-contribution

If you’re on a lower income and make after-tax contributions to your super, the government may reward you by adding more to your balance.

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Downsizer contributions

If you're downsizing and aged 55 and over, you may be able to add money from the sale of your home to your super. And this doesn't count towards your contribution caps for the financial year.

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It's easy to boost your super

From quick wins to setting up regular contributions, we make it easy to add more to your super. Get started with a few simple checks to make sure your super is where it should be.

Before you consolidate your super, think about whether it’s right for you. You could lose access to benefits such as insurance or pension options, and you need to consider tax implications.

Your options for making QSuper contributions to your account

If you're not sure what’s the best way to add extra to your super, start by comparing options with this general guide. It's important to check the rules and details for each option and be aware of contribution caps. ART is not a tax agent, and we recommend you consider getting your own financial and/or tax advice.

Option Earning/year Age limit Potential benefits
Salary sacrifice (before-tax) Worth considering if you earn more than $45,000 Under 75 Reduces your taxable income– so depending on your income, you could pay less tax
Voluntary contributions (after-tax) Any income Under 75 Claim a tax deduction (and they become before-tax contributions).
May get a government co-contribution, if you're on a lower income.
Downsizer contributions Any income 55 and older Pay no tax on downsizer contribution.
Doesn't count towards contribution limits.
Super splitting (before-tax) Any income Spouse under 65 Potentially get access to super earlier.
Age Pension and tax benefits depending on your spouse's age.
Spouse contributions (after-tax) Any income Spouse under 75 Claim a tax offset of up to $540 if your spouse earns less than $40,000.
LISTO $37,000 or less Any age Tax refund of up to $500 on before-tax contributions.
Super co-contribution Less than $62,488 70 and under Up to $500 extra in your super for after-tax contributions.

Grow your super with a QSuper account

If you're eligible to open an account with us, it only takes 10 minutes to apply online.

If not, you can still awaken your super with Australian Retirement Trust.

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