Contributing to Superannuation

Non-Concessional Contributions

This is any contribution for which a tax deduction is not claimed, and includes spouse contributions, government co-contributions, and any personal contributions which have not been claimed or allowed as a tax deduction.

There is no contributions tax payable on non-concessional contributions. For example, if the contribution was $1,000, the super contributions tax would be $0 so the net after tax contribution is still $1,000.

The total that can be contributed without any penalty is limited to the cap amount of $100,000 per annum although it is possible to ‘bring-forward’ up to two further years of non-concessional contributions to a maximum of $300,000 in a single year.

We will explain further the eligibility to make such contributions later in the module.