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 2022/23 annual non-concessional cap is $110,000 per annum. These contributions are subject to age eligibility - individuals aged 67 to 74 years (inclusive) will be able to make or receive non-concessional (including under the bring-forward rule) without meeting the work test, subject to existing contribution caps. Individuals aged 67 to 74 years will still have to meet the work test to make personal deductible contributions.