Super contribution caps

Concessional (pre-tax) contributions

Can include:

  • Compulsory contributions paid by your employer - such as the super guarantee
  • Salary sacrifice contributions, administration fees and insurance premiums paid by your employer
  • Personal contributions for which you claim a tax deduction; and
  • 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 paid.

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 the 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. 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 paid.

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 contributions that trigger the bring forward.

For help or more information, call our Member Services team on 1300 300 820. You can also This email address is being protected from spambots. You need JavaScript enabled to view it..

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