Make your voluntary super contribution, whenever you want

Add a little more to your super whenever it suits you

Simply add on top of what your employer has already paid (after-tax). Making that voluntary super contribution now, could mean more down the track. Plus you may be able to enjoy some tax deductions.

How to make voluntary super contributions

Add a little, or a lot, any way you want,

Your first home, made faster

The Government’s First Home Super Saver (FHSS) scheme is designed to help you save a deposit for your first home faster. You can add to your super by making your own extra voluntary contributions on top of what your employer pays. You can make before-tax contributions like Salary Sacrifice, or personal after-tax contributions.

Contribution limits apply.

Things you should know

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Want some tax back?

You may be able to claim a tax deduction for your after-tax contributions that you’ve made during the year.

To claim a tax deduction, you need to submit a 'Notice of intent to claim or vary a deduction for personal super contributions' to Rest.

This needs to happen (depending what occurs first):

  • Before you lodge your tax return for that year
  • The end of the following financial year which the contributions were made

The after-tax contributions that you claim as a deduction will count towards your concessional contribution cap and they will be subject to contributions tax. You can find details about eligibility on the form, or for more information, see the ATO's website.

Contributions caps

Contributions caps

There are limits or ‘caps’ on the amount of after-tax contributions you can make each financial year. The annual cap for after-tax contributions is $110,000 for 2022-23 However, if your total super balance is over $1.7 million on 30 June 2022, you won’t be able to make any after-tax contributions. Visit Rest's factsheet page or visit the Australian Taxation Office’s (ATO) website for more information on caps.

If you’re under age 75 and your total super balance on 30 June 2022 is less than $1.7 million, you may be able to bring forward up to three years' worth of contributions. The amount you can bring forward will depend on your total super balance and when you triggered the bring-forward rule. For more information on the bring-forward rule, see our Super facts & figures.

Exceeding the caps

Exceeding the caps

Contributions that exceed these limits attract additional tax, you can find out more info on the ATO's website.

Not sure how much to contribute?

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Note: If you’re aged between 67 and 74, you’ll need to meet the work test to claim a personal superannuation contribution deduction. From 1 July 2022 if you’re under age 75 you’ll no longer need to meet the work test for salary sacrifice and non-concessional (after tax) contributions, including spouse contributions. Click here to learn more about the work test.

Rest Advice is provided by Rest Advisers as authorised representatives of Link Advice Pty Ltd ABN 36 105 811 836 AFSL 258145.