Non-Concessional Contributions

The following provides a more detailed discussion of the different forms of voluntary non-concessional contributions able to be made. These payments are subject to the non-concessional contributions cap of $120,000 or $360,000 under the 3-year bring forward rule.

Voluntary personal non-concessional contributions

A member can make a personal non-concessional contribution at any during the financial year up to the cap.  Whilst these contributions do not provide the member with a tax deduction, they do boost the accumulated super balance of the member.

The government provides taxation support to encourage low-income people to make voluntary non-concessional contributions to their superannuation fund. Some examples include:

• Spouse contribution
• Government co-contribution