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.
Potential benefits
-
Grow your super -
Receive a government co-contribution (if eligible)
Considerations
To be eligible to make after-tax contributions, your total super balance must be less than $1.9 million on 30 June of the previous financial year and you’ll need to supply your tax file number (TFN)1 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.
1 It’s optional to provide your Tax File Number (TFN) but we can’t accept after-tax contributions from you if we don’t have your TFN.After-tax contributions are included in the non-concessional (after-tax) contributions cap2. This cap is currently $120,000 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 TFNBefore adding to your super, consider your financial circumstances, contribution caps that may apply, and tax issues. We recommend you consider seeking financial advice.
Do you qualify for the Government co-contribution?
A few of the questions you need to consider to determine if you are eligible include:
| Question | More information |
|---|---|
| 1. Is your total income less than $60,400 (including reportable employer super contributions and fringe benefits)? | Refer to the ATO website for more information. |
| 2. Is your income eligible? | At least 10% of your income must come from employment related activities, carrying on a business, or both. |
| 3. Did you make an eligible after-tax contribution to super in the current financial year? | The co-contribution is paid based on personal after-tax (non-concessional) contributions2. You need to ensure your super payment reaches your super fund before the end of the financial year you want the co-contribution for. Remember to consider postage and bank processing times as applicable. Using online payment methods, like BPAY® for once-off contributions, is often the quickest way. |
| 4. Will you lodge a tax return for the current financial year? | The government co-contribution is paid into your super account by the Australian Taxation Office after you’ve lodged your tax return for the financial year you want the co-contribution for3. |
| 5. Will you be less than 71 years old at the end of the financial year? | Read the Add to your super and retire with more fact sheet at australiansuper.com/FactSheets for more information. |
| 6. Did you hold a temporary visa at any time during the financial year? | You’re not eligible for the government co-contribution unless you’re a New Zealand citizen or it was a prescribed visa in the Regulations. |
If you said ‘yes’ to questions 1 to 6 above, you may be eligible for a bonus co-contribution.
2 Before adding to your super, consider your financial circumstances, eligibility, contribution caps that may apply, tax issues and when your super can be accessed. We recommend you consider seeking financial advice.
3 Assessable income, plus reportable employer super contributions, plus reportable fringe benefits for the 2024/25 financial year.
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Claiming the government co-contribution
If your yearly before-tax income is less than $60,400, you could be eligible for a government co-contribution if you make after-tax contributions to your super4.
Under the scheme, the government matches up to 50 cents for every dollar you contribute to your super from your after-tax pay, up to $1,000 pa. The maximum benefit is $500 co-contribution, which (if eligible) 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 income5 | Your contribution6 | Co-contribution |
|---|---|---|
| $45,400 or less | $1,000 | $500 |
| $51,400 | $600 | $300 |
| $57,400 | $200 | $100 |
| $60,400 or more | Any amount |
$0 |
4 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. Your total superannuation balance must be below the general transfer balance cap threshold as applies to you on 30 June of the year before the contributions are made (for FY25 this is $1.9 million). You must also not have exceeded your applicable non-concessional contribution limit in the relevant financial year.
5 Assessable income, plus reportable employer super contributions, plus reportable fringe benefits for the 2024/25 financial year.
6 To be eligible for a co-contribution, total super balance must be below $1.9 million on 30 June prior.
Cheque/money order by mail
Alternatively, download and complete the Add to your super with after-tax contributions form and send it with your payment to:
AustralianSuper
GPO Box 1901
MELBOURNE, VIC 3001
7 Claiming a tax deduction converts contribution to 'concessional' therefore would not qualify towards government Co-contribution scheme.