Grow super with your savings
Grow your super with extra contributions from your take-home pay or savings. It’s a great way to invest the extra money from a pay rise, bonus or inheritance.*
These contributions are also known as non-concessional contributions, voluntary contributions or personal super contributions. There are limits, known as caps, on how much you can contribute before an additional tax applies. Read more about the caps that apply to super.
Make an after-tax contribution
The easiest way to contribute is with BPAY®. You can set up a one-off payment or regular contributions.
Log in to your account to get your BPAY details.
You can also send us a cheque. Download the after-tax voluntary contribution form (PDF, 102 KB) and send it back to us with your cheque.
Are after-tax contributions for me?
You can make after-tax contributions if:
- you’re under 67 or satisfy either the work test or the work test exemption
- you haven’t gone over your non-concessional contributions cap and your total super balance at 30 June of the previous financial year is less than the transfer balance cap (currently $1.6 million).
How your extra contributions make a difference over time
As little as $20 a week^ could make a big difference to your super balance in the future.
Adding small amounts of money over time can be easier than finding large sums to add to your super.
Your extra contributions will keep earning you money through compound interest, which is when you earn interest on top of interest.
Here’s an example
Frankie and Charlie are both 30 years old and earn $60,000 + super per year.
They both receive 9.5% employer contributions into their UniSuper account.
Frankie decides to set up a recurring BPAY payment of $20 per week^ from their after-tax salary into UniSuper.
Charlie doesn’t.
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Things you should know about this calculationAssumptions and disclaimers:
- This example is comparing balances at retirement (age 67) between a member who made extra contributions and one who didn’t.
- The opening account balance at age 30 is the same for Frankie and Charlie at $30,000.
- Projected balances at age 67 are in today’s dollars, which means they are adjusted for inflation (allowing for future rise in cost of living and living standards). An inflation rate of 3.0% per year is assumed.
- Both Frankie and Charlie receive standard employer contributions at Superannuation Guarantee (SG) rate. The SG rate is 9.5% in the first year of projection and will increase to 12.0% as currently legislated.
- Both Frankie's and Charlie's salaries are projected to increase at the same rate of 3.0% per year in the projection.
- ^ For Frankie, the additional after-tax contribution of $20 per week is assumed to increase at the same rate as his salary increases in the future.
- Rate of investment return (net of investment fees, cost and taxes) is assumed to be 6.0% per year.
- Both Frankie and Charlie have 1 unit of default Death/TPD insurance cover with a weekly premium of $1.85 and an annual administration fee of $96 applies to their accounts. The insurance premium and administration fee are assumed to increase by inflation in the projection.
- A contribution tax rate of 15% applies to employer contributions net of insurance premium and administration fee.
- All figures are rounded to the nearest hundred.
- This example is an illustration only and is not guaranteed. Actual outcomes may be different as investment returns are uncertain. Actual fees and insurance premiums may change.
Claim a tax deduction for after-tax contributions
You may be able to claim a tax deduction for these contributions. You can generally claim up to $25,000 in after-tax contributions each financial year. To make a claim, complete a notice of intent before you lodge your tax return.
If you claim a tax deduction, your contribution is treated the same as a before-tax contribution and will count towards your concessional contribution cap.
