You might be wondering how to increase your superannuation. Your employer is making mandatory SG contributions on your behalf, but how can you make it grow faster?

There are two types of superannuation contributions:

  1. Concessional contributions include the employer SG and contributions made from your pre-tax income. Your pre-tax income may include salary sacrifice and any other contributions claimed as a tax deduction.
  2. Non-concessional contributions (voluntary after-tax contribution) are made from your post-tax income or savings, which does not attract the 15% contribution tax, as you have already paid tax on your income.

A voluntary after-tax contribution to your super is a simple and effective way of growing your super. And as long as you remain under the contributions cap (limits), you won’t pay any tax on the contribution, because you’ve already paid income tax.


The concessional contributions cap for the 2020/21 financial year is $25,000 for all individuals regardless of age.

The non-concessional contributions cap for the 2020/21 financial year is:

  • $100,000 per year; or
  • $300,000 in a rolling three-year period under the bring forward provision.

There’s more good news. If your total income is less than $53,564 in the 2019/20 financial year and you make a voluntary after-tax contribution, you may be entitled to a Government Co-contribution payment.

To learn more about how your super is taxed, click here.


There are age-related conditions under which a super fund can accept member contributions.

If you are aged between 65 and 74 years old at the end of the income year in which you made the contribution, you need to satisfy a Work Test or meet the Work Test Exemption criteria.

To satisfy the Work Test, you must work at least 40 hours during a consecutive 30-day period each financial year in order for First Super to accept a personal super contribution.

To meet the Work Test Exemption criteria, you must:

  • have satisfied the work test in the financial year preceding the year in which you made the contribution,
  • have a total super balance of less than $300,000 at the end of the previous financial year, and
  • have not previously used the Work Test Exemption.

The Work Test Exemption applies from 1 July 2019.

This is a sponsored advertising promotion by First Super Pty Limited (ABN 42 053 498 472, AFSL 223988) as trustee of First Super (ABN 56 286 625 181).  This publication may contain general advice which has been prepared without taking into account your objectives, financial situation or needs. You should consult the Product Disclosure Statement (PDS) firstsuper.com.au/pds before making any investment decision. Before making a decision to combine your superannuation, you should consider any costs, change to insurance cover or loss of benefits that may apply and, if necessary, consult a qualified financial adviser. Past returns are not a reliable indicator of future returns. Content was accurate at the date of issue in July 2020, but may subsequently change. Please contact First Super on 1300 360 988 for updated information or to obtain a copy of the PDS. No commissions or fees are paid to NZ Relo as part of this promotion, apart from advertising costs.


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