Super contribution caps

Know your limits when it comes to how much you can contribute

Before contributing extra to your super it's important to know that limits apply to the amount you can contribute to your super. So you should review all your super contributions you make, to make sure you stay with in the caps. Your ability to make extra contributions may also be restricted by your age.

The rules around contributing

The Government has set contributions caps (limits) on the amount of contributions you can make (to all funds you participate) in a financial year at concessional tax rates. Additional tax can apply to both your before-tax (concessional) and after-tax (non-concessional) contributions. This applies to both types of contributions if you exceed the amount of the applicable cap with any additional tax will depend on the amount in excess of the cap.

Concessional (pre-tax) contributions

Can include:

  • Compulsory contributions paid by your employer – such as the super guarantee
  • Additional or voluntary employer contributions including contributions for administration fees and insurance premiums paid by the employer 
  • Personal contributions for which you claim a tax deduction
  • Notional taxed contributions if you are a member of a defined benefit fund.

Please see the ATO website for the current contributions caps.

From 1 July 2018, if you have a total superannuation balance of less than $500,000 at the end of 30 June of the previous financial year, you may be entitled to contribute more than the general concessional contributions cap using the carried-forward amounts of your unused concessional contributions. The first year you will be entitled to carry forward any unused amounts in the 2019-20 financial year.

If you exceed the contribution limits you may have to pay a penalty tax on these amounts. Check out the ATO website for more information on what happens if you go over your concessional contributions cap and how any tax can be pai

Non-concessional (after-tax) contributions

Can include:

  • Personal contributions that your employer makes from your after-tax income
  • Contributions your spouse makes to your super fund
  • Personal contributions not claimed as an income tax deduction
  • Contributions in excess of your concessional contributions cap.
  • Non-concessional contributions are capped to four times concessional contributions (see ATO website for current rates).

What if you exceed the cap

If you exceed the contribution limits you may have to pay a penalty tax on these amounts. The Australian Taxation Office (ATO) will send you an assessment notice advising you of the additional tax, how to pay it and whether you are eligible to apply for a refund of your excess contributions.

Over 65?

If you are less than 65 years of age, you can ‘bring forward’ another two years worth of non-concessional contributions, allowing you to contribute up to two years’ worth of contributions without a penalty. The cap amount that applies is three times the non-concessional contributions cap for the financial year in which you make the contribution. From 1 July 2017 the bring-forward amount and period is dependent on your total superannuation balance on the day before the financial year during which contributions that trigger the bring forward rule are made.

Contributing to your super

In addition to the caps set under tax laws (which impact how much tax you pay), there are contribution rules in superannuation legislation which dictate when a superannuation fund can accept contributions and that these superannuation rules mean that contributions must sometimes be rejected or refunded.

YOUR AGEUnder 65Over 65 but under 67Over 67 but under 75Age 75 or over
DOES A WORK TEST APPLY?NoNoYesNo
EMPLOYER CONTRIBUTIONSYesYesYes**Yes***
PERSONAL AFTER TAX CONTRIBUTIONS ****YesYesYes*No
PERSONAL DEDUCTIBLE CONTRIBUTIONSYesYesYes*No
DOWNSIZER CONTRIBUTIONSNoYesYesYes
SPOUSE CONTRIBUTIONSYesYesYesYes

Please note:  Personal contributions made from a personal injuries settlement are subject to the work test.

Generally, a contribution can only be accepted after age 64 if you were gainfully employed at least 40 hours in a period of not more than 30 consecutive days during the financial year in which the contribution is made. This is known as the work test. The work test does not apply to downsizer contributions.

Members aged between age 67 – 74 with a total superannuation balance of less than $300,000 will be exempt from the work test for a 12 month period. These members are able to make voluntary contributions for up to 12 months from the end of the financial year in which they last met the work test. The exemption is only available for one 12 month period in an individual’s lifetime.

** From age 67 to under 74, an employer can make mandated employer contributions (that is SG and award contributions) for you. However, any additional employer contributions or member contributions can only be made if you satisfy the work test explained above apart from the above exemption. Where you turn 75, the contributions must be paid no later than 28 days after the end of the month in which you turn 75.

*** After age 74, only mandated employer contributions can be accepted for you

Frequently asked questions

We’re required to have Target Market Determinations under the Treasury Laws Amendment (Design and Distribution Obligations and Product Intervention Powers) Act 2019.

This is to make sure we’re keeping members at the centre of our approach to the design and distribution of our financial products.

This legislation requires financial services product issuers to design products that are appropriate for the consumers in the target market and consistent with their objectives, financial situation, and needs.

A Target Market Determination is a document which describes who a product is appropriate for (target market), and any conditions around how the product can be distributed to customers. 

It also describes the events or circumstances where we may need to review the Target Market Determination for a financial product.

It depends how your details have been changed. The most common request is changing a surname due to marriage, which you can do with a certified copy of your marriage certificate, and a Vision Super “Change of Personal Details form” found here: view form

If you have changed your name another way, we recommend you contact us first on 1300 300 820 so we can outline what documents we need to change your details without issue.

If you want to change your address, you can do this by logging onto the secure member portal online, or calling our Member Services team on 1300 300 820.

You can check your balance 24/7 via Vision Online, our secure member secure site, or via the Vision Super app for mobile devices. You can also contact our Member Services on 1300 300 820 or by emailing us on [email protected]

Here’s how it works. You may be able to receive a tax-free contribution from the Government when you make a non-concessional (after-tax) contribution to your super account.  The maximum entitlement that can be received is $500 where your total income is $41,112 or less in the 2021/22 year. This reduces on a sliding scale and cuts out if your total income is above $56,112 in the 2021/22 year.

This is, of course, provided you satisfy work, income and age tests.

Please note that the income threshold test for the co-contribution is your total income, which is calculated as follows:

Total income (assessable income + reportable fringe benefits + reportable employer super contributions – allowable business deductions).

In very basic terms, ‘salary sacrificing’, or ‘salary packaging’ means using some of your before-tax salary to pay for something. In superannuation terms, it is usually an arrangement between you and your employer to contribute some of your before-tax salary into your superannuation account.

In the 2021/2022 financial year, the maximum that can be contributed as before-tax payments is $27,500, this includes your employer SG payments of 10%.

Please note that any after-tax contributions made, where you obtain a tax deduction, are included in this contribution limit.

Already a Vision Super member?

The great news is you can now open your pension account online through the secure site.

Not a Vision Super member?

You’ll just need to open a Vision Personal account first and then you can transfer across to a Vision Super pension.