Super Contributions

Before-Tax Super Contributions

Concessional super contributions. These are contributions you make to your super fund before you pay tax on your income, to help lower your tax.   There are limits to how much you can contribute on a pre-tax basis, depending on your age.

You can contribute up to $35,000 on a concessional basis annually into your super if you were 49 or older at 30 June 2016.   Super investors younger than this can contribute up to $30,000 a year into their super fund on a concessional basis.

These limits will be reduced to $25,000 on 1 July 2017 so don't miss out.

After-Tax Super Contributions

Current RulesAside from the tax deductible contributions you can make, it’s also possible to contribute to super from other savings.   There is an annual cap of $180,000 on non-concessional super contributions.   However, if you were aged 64 or under on 1 July 2016, you may be able to take advantage of the bring-forward rule and make contributions of up to $540,000 in a single year to your fund.

New Rules
From 1 July 2017 the annual cap will reduce to $100,000 per year and the corresponding the 3 year bring forward limit reduced to $300,000.   In addition members with balances in excess of $1,600,000 will no longer be able to make non concessional contributions from 1 July 2017.


Regardless of whether you are or are not intending to contribute to super before year end you need to talk to us so you understand your decision and the longer term implications.

Super Reform (Contributions)

On 1 July 2017 rule changes will come into effect that may impact your retirement strategy and possibly the contributions you make into superannuation. 

  1. The cap on concessional (pre-tax) super contributions will reduce from $30,000 pa or $35,000 pa (depending on age) to $25,000 pa.
  2. An additional 15% tax on concessional contributions will be payable by people with incomes greater than $250,000 pa (currently $300,000 pa).
  3. The cap on non-concessional (after-tax) super contributions will reduce to $100,000 pa (currently $180,000 pa) and $300,000 when using the ‘bring-forward’ rule (currently $540,000). Other conditions also apply.
  4. Non-concessional contributions will not be able to be made if you have a total superannuation balance over $1.6 million.

It’s important to review your current contribution strategy to assess the impact of these changes and any amendments that may be required.   Care should be taken to avoid contributing in excess of the contribution caps, as this can result in tax penalties.