Do I have to be working to make super contributions?

The answer is no, if you’re under the age of 65. Anyone under the age of 65 can make super contributions whether they are working, rearing children, looking after a sick partner, recovering from illness or on an extended holiday.

If you are aged 65 or over then you must satisfy a work test if you’re seeking to make super contributions. You must be gainfully employed for at least 40 hours in a consecutive 30-day period in the year in which you make the super contribution. For more information on working in retirement, see the following SuperGuide articles:

SuperGuide has dozens of articles on this topic and related topics. You can use the search function on the top right-hand side of the SuperGuide website to find more articles.

© Copyright Trish Power 2009-2014

Copyright for this article belongs to Trish Power, and cannot be reproduced without express and specific consent.

IMPORTANT: SuperGuide does not provide financial advice. SuperGuide does not answer all questions posted in the comments section. SuperGuide may use your question or comment, or use questions from several readers, as the basis for an article topic that we publish on the SuperGuide website. We will not disclose names or personal information in these articles. Comments provided by readers that may include information relating to tax, superannuation or other rules cannot be relied upon as advice. SuperGuide does not verify the information provided within comments from readers. Readers need to seek independent advice about their personal circumstances.

Comments

  1. Brian Kneebone says:

    I am 71,sole director/member of my corporate SMSF which has two holiday let units gold Coast in it. When i purchased these Stamp Duty was around $22000.00
    As my SMSF is there for MY RETIREMENT i am surprised to find that if i wish to live in one in the future (for my benefit/retirement) I am required it seems, to change the Title from my SMSF (me) to me, costing another huge amount of stamp duty. Regardless of the SMSF it is still my signature on all.
    I dont get it! There is only one person in this, ME, and my benefit/retirement. There is no mention of my Super being there for the State Govt. benefit.
    Please confirm this is so.

  2. Brian Kneebone says:

    I am 71,sole director/member of my corporate SMSF which has two holiday let units gold Coast in it. When i purchased these Stamp Duty was around $22000.00
    As my SMSF is there for MY RETIREMENT i am surprised to find that if i wish to live in one in the future (for my benefit/retirement) I am required it seems, to change the Title from my SMSF (me) to me, costing another huge amount of stamp duty. Regardless of the SMSF it is still my signature on all.
    I dont get it! There is only one person in this, ME, and my benefit/retirement. There is no mention of my Super being there for the State Govt. benefit.
    Please confirm this is so.

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