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A voluntary after-tax super contribution – also called a non-concessional or personal contribution – is money you choose to pay into your super fund from your after-tax income or savings. This is different from salary sacrificing (a concessional contribution) which happens before your income is taxed.
You can make voluntary after-tax contributions to your superannuation throughout the financial year – as a regular transfer or a one-off payment.
To find out more, download our Personal Contributions Guide (pdf).
There are some limits to how much you can contribute to your super fund each year. If you go above these limits, you may pay extra tax, so it's worth understanding how they work.
Making after-tax contributions is easy; you can make a one-off deposit or regular payments.
If you return to work after retiring, whether or not you can make voluntary contributions to your super depends on your age.
Under 67 years old, you can make contributions; after that age, it depends on how much you work and what your super balance is.
When making non-concessional contributions, if you're aged 67 or older (previously 65), you'll need to meet the work test.
This means you're working for at least 40 hours over a period of 30 consecutive days during the financial year. You can work for an employer or be self-employed, in any business trade, profession, vocation, calling, occupation, or employment.
However, if you're aged 67-74 and your total super balance was less than $300,000 as at the previous 30 June, you're covered by the work test exemption. This means you can contribute to your super for 12 months from the end of the financial year in which you last met the work test.
If you don't meet the work test or work test exemption, your employer can still make super contributions to your fund.
Once you turn 75, you can't make any more personal contributions to your super account.
If you withdrew some of your super early because of the financial impacts of the COVID-19 pandemic, you can choose to recontribute that amount back into your super as a personal contribution. It is not included in your contributions cap and you can't claim the contribution as a tax deduction.
Since this is a new rule introduced from 1 July 2021, the government and the industry are still developing the recontribution process. For more information, please see the ATO's More Flexible Superannuation page.
Professional advice could help you decide whether you might benefit from extra super contributions.2 Not a member? Join today
1. Total income for the income year is the sum of assessable income, reportable fringe benefits amounts, and total reportable employer super contributions.
2. You can find out more about financial advice options or contact us.