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Where the information on this website is factual information only, it does not contain any financial product advice or make any recommendations about a financial product or service being right for you. Any advice is provided by Resolution Life Australasia Limited ABN 84 079 300 379, AFSL No. 233671 (Resolution Life), is general advice and does not take into account your objectives, financial situation or needs. Before acting on this advice, you should consider the appropriateness of the advice having regard to your objectives, financial situation and needs, as well as the product disclosure statement and policy document for the product. Any guarantee offered in the product is only provided by Resolution Life. Any Target Market Determinations for our products can be found at resolutionlife.com.au/target-market-determinations.
Resolution Life does not make any representation or warranty as to the accuracy, reliability or completeness of material on this website nor accepts any liability or responsibility for any acts or decisions based on such information.
Resolution Life can be contacted at resolutionlife.com.au/contact-us or by calling 133 731.
If you’re aged between 67 and 74 and still working, you may be eligible to make contributions into your super from your after-tax income.
For eligibility for the financial year 2021/22, you’ll need to satisfy the government’s ‘work test’ which requires you to be gainfully employed for at least 40 hours over 30 consecutive days in each financial year. The current annual limit for after-tax contributions (also referred to non-concessional contributions) is $110,000 each year or $330,000 over a rolling three-year period.
From 1 July 2022, individuals aged 67-74 will be able to make or receive personal or salary sacrifice contributions without having to meet the work test. Caps on lifetime superannuation contributions and concessional/non-concessional contributions will continue to apply.