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.
From 1 July 2024, the non-concessional contributions cap is $120,000. This is reviewed annually to remain in line with average weekly ordinary time earnings (AWOTE). If you contribute more, you may have to pay extra tax.