Types of contributions
Employers are generally required to pay 10% of your wages into your super. You can also make extra contributions into your super and grow your balance even more.
Adding a little bit extra now, could make a big difference down the track. There are a number of ways you can contribute which may suit you at different times in your life.
Superannuation Guarantee (before-tax)
Your employer is generally required to pay 10% of your wages into super, known as SG contributions, on top of your take-home pay.
These contributions count towards the before-tax cap limit, see more below.
You can choose to make extra contributions to grow your super faster. Before you do, consider the tax on certain contributions and contribution limits. You also can’t withdraw any money from super once you’ve added it (unless you meet a condition of release). Your investments may also be subject to market movements.
Salary sacrifice (before-tax)
You can ask your employer to pay an extra part of your wages into your super account, known as salary sacrifice. You could grow your super faster while paying less tax. These contributions count towards the before-tax cap limit.
Learn more about how salary sacrifice works including rules, limits and risks below.
Or if you're ready to set up a salary sacrifice arrangement, complete the payroll deduction form below and hand it to your payroll officer at work.
After-tax contributions (non-concessional) are extra contributions you can make from money you’ve already paid tax on, such as your take-home wage, an inheritance or a tax refund.
After-tax contributions can help you get your other savings into super where we invest it for you. You could also pay less tax on investment returns inside super.
If you earn less than $56,112 per year and make a personal contribution into your super, the government will also contribute up to $500 depending on your income and the amount you contribute.
Learn about how government co-contributions work including rules, limits and risks.
Both before and after tax contributions have limits (known as caps). Any amount over this will be taxed at your marginal tax rate, plus an excess concessional contributions charge.
The current limit for before-tax contributions is $27,500 for the 2021/22 financial year.
The current limit for after-tax contributions is $110,000 for the 2021/22 financial year.
There are other contributions strategies available that allow eligible members to make contributions outside of the above limits.
Not sure which type of contribution is right for you?
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Limits apply to each type of contribution. Other concessions, conditions, restrictions and penalties may also apply. For full details read the Super Member Guide Product Disclosure Statement (PDS).
Advice about your super is included in your membership fees.