After-tax or ‘non-concessional’ contributions are extra contributions you make from money you’ve already paid tax on, like your after-tax salary, an inheritance or a tax refund.
To be eligible to make after-tax contributions, your total super balance must be less than $1.7 million on 30 June of the previous financial year and you’ll need to supply your tax file number (TFN) to your super fund. If you haven’t already supplied your TFN to us, you can supply it in minutes by clicking the secure link below. You’ll also need to be aged under 75 years.
After-tax contributions are included in the non-concessional (after-tax) contributions cap. This cap is currently $110,000 pa, but you may be able to bring-forward up to 3 years’ worth of after-tax super contributions, depending on your total super balance and age. You should consider your debt levels before adding to your super.Supply your TFN
Before adding to your super, consider your financial circumstances, contribution caps that may apply, and tax issues.
Claiming the government co-contribution
If your yearly before-tax income is less than $57,016, you could be eligible for a government co-contribution if you make after-tax contributions to your super.^
Under the scheme, the government matches 50 cents for every dollar you contribute to your super from your after-tax pay, up to a maximum of $500 pa. This co-contribution gets paid directly into your super account after you’ve lodged your tax return for that year, as long as your super fund has your tax file number.
Government co-contribution rates
|Total income*||Your contribution||Co-contribution|
|$42,016 or less||$1,000||$500|
|$57,016 or more||Any amount
* Assessable income, plus reportable employer super contributions, plus reportable fringe benefits for the 2022/23 financial year.
^ If you claim a tax deduction for after-tax contributions, your contributions will be classed as before-tax (concessional) contributions and no longer eligible for the government co-contribution.