It’s easy to grow your super, whether it’s just $100 or much more, by making after tax contributions into your super fund. These contributions are non-concessional contributions, because they’re made using money you’ve already paid income tax on and are not taxed again when they’re added to your super. For the 2025-26 financial year, the non-concessional contributions cap is $120,000.
You have the option of claiming these contributions as a tax deduction. When this is done, this means that these after-tax contributions that you have made convert to concessional contributions, which are generally taxable at 15%. For the 2025-26 financial year, the concessional contributions cap is $30,000.
All you need to do is notify your super fund by completing a ‘Notice of Intent to claim or vary a tax deduction’. This form must be acknowledged by Resolution Life before you lodge your tax return for the year.
If you’re aged between 67 and 74, you can continue to make contributions into your super. However, you must meet the ‘work test’ if you intend to claim a deduction for these personal contributions. (You do not need to meet the ‘work test’ where you do not intend to claim a deduction for these personal contributions and make the contribution’s out of after-tax money.)
Important information
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.
