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.)
What you need to know
Any advice on this website is provided by Resolution Life Australasia Limited ABN 84 079 300 379, AFSL No. 233671 (Resolution Life), and 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 relevant product disclosure statement and/or policy document, available from Resolution Life at resolutionlife.com.au or by calling 133 731, before making a decision on whether to acquire, or continue to hold, the product.
The Target Market Determinations (TMDs) for our financial products (where applicable) can be found at Target Market Determinations (TMDs). The TMDs describe the key features and attributes of an applicable product that affect whether it is likely to be consistent with the objectives, financial situation and needs of consumers in the target market.
Resolution Life can be contacted via contact us or by calling the phone number mentioned above.
