You can make regular, or one-off extra contributions after-tax from your normal take home pay. This is not usually taxed, as you’ve already paid the tax on the income. You may consider this after receiving a bonus, commission cheque, inheritance, or from selling shares or property.
The current maximum you can contribute (concessional contributions) is $25,000 per annum (rising to $27,500 in 2021-22).
Concessional contributions are made from:
- 9.5% Super Guarantee (SG) payments made by your employer (rising to 10% in 2021-22).
- Salary sacrifice (if you are doing this).
- Extra after-tax contributions (check below if you are eligible to claim a tax deduction).
You're eligible to claim a deduction if you:
You can make additional contributions over the $25,000 p.a threshold, (rising to $27,500 in 2021-22) however these may be subject to additional tax.
How to make an after-tax contribution
Make regular, or one-off, after-tax contributions by the following ways.
Online - quick and easy
Login to access your BPAY details and reference number to make a one-off contribution, or set up a regular direct debit.
It's important to consider other debts you may have before making a decision to add to your super.