How much can I put into my super

How much can I put into my super

Understanding contribution caps

You annual super contribution limit is your ‘super cap’. How much you can put into your super fund (or your partner’s super fund) depends on your age and whether your contribution is tax deductible. If you put too much money into your super fund, penalties can apply.

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Concessional contributions (tax deductible)

Concession cap: $25,000 per member per financial year (up to age 74)

  • Concessional contributions include salary sacrifice and super guarantee contributions (the super your employer contributes for you)
  • Over 65: you must meet a work test to be eligible to contribute to super
  • 75 and over: generally can’t make concessional super contributions (some exceptions)

Non-concessional contributions (undeducted contributions)

Non-concessional cap: $100,000 under age 74, and up to $300,000 bring forward for under 65s

  • Over 65: you must meet a work test to be eligible to contribute to super
  • Under 74: can contribute up to $100,000 per financial year.
  • Under 65: can use the ‘bring forward’ rule to contribute up to $300,000 in one year with no contributions for the next 2 years
  • 75 and over: generally can’t make non-concessional super contributions

Find out how to maximise contributions without getting a tax penalty

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