Making eligible personal super contributions
Personal super contributions are the amounts you contribute to your complying super fund or RSA from your after-tax income. These contributions:
- are in addition to any compulsory super contributions your employer makes on your behalf
- do not include super contributions made through a salary sacrifice arrangement.
Your super fund needs your TFN before it can accept your personal super contributions.
To be eligible personal super contributions for super co-contribution purposes, the personal super contributions need to be paid to a complying super fund or RSA, and you must not have claimed (and been allowed) an income tax deduction for them.
You do not need to make your personal super contributions as one lump sum - you can make regular personal super contributions throughout the financial year. Your total eligible personal super contributions at the end of the financial year will be used in super co-contribution calculations.
Your super fund can tell you how to make personal super contributions. Most funds offer different options for making super contributions, including BPAY, direct debit or through your bank account.
In some cases, you can make regular super contributions into your super account directly from your after-tax pay. If the contributions come from your before-tax pay, they are generally referred to as salary sacrificed contributions and will not qualify for the super co-contribution.
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If your personal super contributions are not received by your fund by 30 June each year, you will miss out on any super co-contribution entitlement for that financial year.
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For more information on salary sacrificed contribution:
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Super contributions that do not attract the super co-contribution
The following super contributions do not attract the super co-contribution:
- super guarantee contributions paid by your employer
- salary sacrifice contributions, which are before-tax super contributions made by your employer and are reportable employer super contributions (when received by the fund, they are treated as employer contributions and not as personal contributions - refer to Salary sacrificing super)
- personal super contributions for which you have been allowed an income tax deduction
- super contributions made by your spouse or any other party on your behalf.
Sections within Eligibility
Last Modified: Tuesday, 21 May 2013