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 Professional Super account.
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What’s a non-concessional contribution?
A non-concessional contribution is another term for a “personal contribution”. It's the terminology used by the ATO on its website.

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 the cap. The concessional contribution caps are:
  • $27,500 per financial year, from 1 July 2021
  • $25,000 per financial year between 1 July 2017 to 30 June 2021
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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 10% 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?
The non-concessional caps are:
  • $110,000 per financial year, from 1 July 2021
  • $100,000 per financial year if the contribution was made between 1 July 2017 to 30 June 2021
You could be eligible to use the “bring-forward” rule which allows you to bring forward up to two years of future entitlements over a three year period. For more information, see the ATO website for eligibility.

How much can I add to my account as a concessional contribution?
The concessional contribution caps are:
  • $25,000 per financial year between 1 July 2017 to 30 June 2021
  • $27,500 per financial year, from 1 July 2021
For example, if your employer paid $10,000 to your super account, you could add an additional $17,500 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. Voluntary concessional contributions (like salary sacrifice contributions) and voluntary non-concessional contributions count towards the money that can be withdrawn from your super account as part of 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. Voluntary non-concessional contributions and voluntary concessional contributions (like salary sacrifice contributions) count towards the money that can be withdrawn from your super account as part of 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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