Non-Concessional Contributions

This includes any personal voluntary contribution paid into a fund which is not eligible for a tax deduction, and includes spouse contributions, government co-contributions, and other personal voluntary contributions.

As a result of there being no entitlement to claim a tax deduction, no contributions tax is payable on these non-concessional contributions when paid to a super fund. For example, if the contribution was $1,000, the super contributions tax would be $0 so the net after tax contribution paid into the member’s fund is still $1,000.

The total amount of non-concessional contribution able to be made without any penalty is limited to an annual cap amount of $120,000 per annum (for 2024/25 financial year) although it is possible to ‘bring-forward’ up to the next two years of non-concessional contributions to a maximum of $360,000 in a single year.

We will explain further the eligibility to make such contributions later in the module.