What are after-tax (non-concessional) contributions?

What are after-tax (non-concessional) contributions?

Non-concessional contributions are personal contributions you make using after-tax money. The advantage of making a personal non-concessional contribution is that they are not subject to tax when you contribute the money to super.

For low-income earners, you may also be eligible to receive government co-contribution.

The 2021/22 annual non-concessional cap is $110,000 p.a. applies. These contributions are subject to age eligibility and work tests – in general, you need to be under 67, or if you’re 67-74 years old and have met the work criteria.