• Personal injury payments and super contribution caps

    Superannuation contribution caps

    Caps apply to contributions made to your super in a financial year. Any super contributed over a cap amount is subject to extra tax. The cap amount and how much extra tax you pay once you exceed it depend on whether the contributions are concessional (before-tax) or non-concessional (after-tax).

    Super contributions from certain personal injury payments

    If you make a super contribution that comes from certain personal injury payments, you may be able to exclude all or part of it from your non-concessional contributions cap. This means you will not have to pay extra tax on it.

    These types of non-concessional (after-tax) contributions will only be excluded if you meet all of the conditions and you specifically ask your fund to exclude them.

    To exclude all or part of a personal injury payment from your non-concessional contributions cap, provide your fund with either of the following forms before, or when, you make a contribution.

    See also:

    Last modified: 07 Oct 2016QC 33257