Grow your super
Making voluntary after-tax contributions to your super can be an easy and effective way to grow your super. You can make voluntary after-tax contributions (also known as personal contributions) on a regular or one-off basis, whatever suits.
Plus, with an after-tax contribution you could also boost your super by up to 50 cents for every $1 you contribute (up to $500 per year) with the Government's co-contribution scheme.
To find out if adding a little extra into your super could reduce your income tax, get you a government co-contribution payment, and help you achieve your dream retirement, use our contribution calculator.
How do I make contributions?
There are a number of different ways you can make voluntary after-tax contributions:
You can make you can make voluntary, after-tax contributions to your super using BPAY. Get your unique BPAY reference number.
To make regular payments from your bank or financial institution, complete and return a Direct Debit Request form.
Ask your employer to make regular payments from your after-tax pay.
When do I need to make contributions?
If you want your contribution to be allocated to your account by a particular date, such as before the end of the financial year, we need to receive the contribution before the close of that business day.
Please keep in mind your financial institutions processing time-frames if making payment via BPAY. We recommend you allow at least three business days for BPAY and 7-10 business days for postage.
Do you want to claim a tax deduction?
Some eligibility conditions and criteria apply when you’re thinking about claiming a tax deduction for after-tax contributions. To claim a tax deduction, you’ll need to notify Sunsuper by completing a Notice of intent to claim or vary a deduction for personal super contributions form. It’s important to know that:
- The amount the ATO allows as a deduction will count towards your concessional contributions cap.
It's worth noting that there are some caps which limit the amount of after-tax contributions that can be made and any super contributed over the cap amount is subject to extra tax. Learn more about contribution caps.
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