Before-tax
Carry forward rule
The annual before-tax contribution cap is $30,000. But if you didn’t reach the contribution cap from previous years, you may be able to carry forward unused caps from up to five previous financial years.
What's a before-tax contribution?
Even small contributions can make a big difference to your retirement savings. They can include:
- employer ‘Super Guarantee’ (SG) contributions
- extra employer contributions or salary sacrifice[S2]
- personal contributions.[S1]
What's an after-tax contribution?
Add to your super from your take-home pay to grow your balance. You may even be able to claim your personal contributions as a tax deduction. They can also include:
- Downsizer contributions
- Spouse contributions
- Government co-contributions.[S3]
After-tax
Personal deductible contributions
These contributions are from money that we pay into our super account that can be claimed as tax deduction. They’re made from your after-tax income. Learn how it works, and how you’ll:
- Make a contribution
- Tell your super fund you’re claiming it as a tax deduction
- File your return and claim a deduction.
Your super
What's my total super balance?
Learn what your ‘total super balance’ means and how it could effect you at tax time - including any accumulation or retirement accounts you may have.
How to make a direct debit contribution
It’s very easy to make a direct debit contribution[S1] through your Member Online account - watch this short video to see how.
How to make a tax deductible claim
You must process the tax deduction claim online before you lodge your tax return for that year and within a year of the end of the financial year in which you made the contribution.
