About
Personal Super Contri­butions

Everything you need to know about personal super contributions

What is a personal contribution?
A personal contribution is a contribution that you make to your super fund from your after-tax wages.
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How do I make a personal contribution?
Transfer money from your bank account to your Student Super account.
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What’s a non-concessional contribution?
A non-concessional contribution is a contribution that you make to your super fund from your after-tax income. These contributions are also known as “personal contributions”.

I made a personal contribution, can I claim a tax deduction?
If you’ve made a personal contribution you could be eligible to claim a tax deduction if the total of your concessional contributions is less than $25,000 for the financial year.
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What’s a concessional contribution?
A concessional contribution is an amount that’s been added to your super fund either:
  • aBefore tax e.g. the 9.5% that your employer pays into your super fund or salary sacrifice contributions,
  • bAfter-tax and you’ve claimed a tax deduction

How do I claim a tax deduction for my personal contribution?
There are three simple steps involved:
  1. 1Let us know how much you would like to claim as a tax deduction by completing the personal contribution notice.
  2. 2Check your inbox – we’ll send you all the details you’ll need to include in your tax return.
  3. 3Include a deduction under Personal Super Contributions when you complete your tax return.
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What happens if I claim a deduction for my personal contributions?
  1. 1When you complete your tax return, your deductions will reduce your taxable income and therefore the amount of tax that you are required to pay.
  2. 2Your personal contributions will be taxed at 15% (because it’s now a concessional contribution). This amount will be withheld from your super account.
  3. 3You may be eligible for a low income superannuation tax offset on the tax paid on the contribution.
  4. 4You won't be eligible for a Government co-contribution in relation to the personal contribution.
  5. 5The personal contributions will count towards your reportable super contributions. This may affect your income for the purposes of some Government benefits and obligations.

How much can I add to my account as a non-concessional contribution?
$100,000 per financial year.

How much can I add to my account as a concessional contribution?
$25,000 per financial year.
For example, if your employer paid $10,000 to your super account, you could add an additional $15,000 to your super fund as a concessional contribution.

If I make a concessional contribution will I be eligible for the super co-contribution?
No. Only personal non-concessional contributions are eligible for the co-contribution.
For more information about eligibility requirements see the ATO website.

Do concessional contributions count towards the First Home Super Saver Scheme?
Yes. Both concessional and personal non-concessional contributions count towards the First Home Super Saver Scheme.
For more information about eligibility requirements see the ATO website.

Do personal non-concessional contributions count towards the First Home Super Saver Scheme?
Yes. Both concessional and personal non-concessional contributions count towards the First Home Super Saver Scheme.
For more information about eligibility requirements see the ATO website.

I don’t have a TFN, can I make a personal contribution?
No. We can only accept contributions for members that have provided their TFN.
You can apply to the ATO for a TFN here.

Can I change the amount I wish to claim as a tax deduction?
Yes. You can reduce the amount claimed on your previous notice online by clicking on “My personal contributions” in the member portal.
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