Non-concessional (after-tax) contributions

Non-concessional is a special term associated with after-tax super contributions. After-tax contributions are super contributions for which an individual or employer hasn’t claimed a tax deduction.

Concessional is a term used to describe favourable tax treatment. For example, earnings in superannuation funds receive concessional tax treatment. The term 'concessional contributions' means that such contributions receive special tax treatment.

Non-concessional contributions are after-tax contributions including spouse contributions and contributions made under the Super Co-contribution Scheme. Non-concessional contributions were previously known as undeducted contributions.

Set out below are all SuperGuide articles explaining Non-concessional (after-tax) contributions.

Know your super limits: Reducing CGT via concessional contributions

Q: I am one of those people (and my wife) who made the decision years ago to invest in property rather than super. Now at 60, (wife 57) I am retired and live off my property investments. I would like to get rid of the properties at about age 65. Mainly because of the worry, and maintenance upkeep, … [Read more...]

Tax-deductible super contributions: Claim no more than your income

Q: If I make a personal concessional payment of $30,000 (tax-deductible) into my super fund and my personal taxable income for 2015/2016 is $20,000, are there possible tax penalties because I’m claiming $10,000 more than my taxable income?I suggest you chat to a registered tax agent, typically … [Read more...]

Salary sacrificing and super: 10 facts you should know

Salary sacrificing superannuation, by making before-tax super contributions, is a popular strategy for employees on middle-to-high incomes. The deal is that you increase your superannuation balance (and pay 15% contributions tax, and for those earning an adjusted taxable income of more than … [Read more...]

Contributing to your spouse’s super account

Q: I’m fully employed while my wife has not been working for 18 months, and she is unlikely to return to work before the end of next financial year. My question concerns maximising tax strategies for this year. Can I contribute on her behalf in after-tax dollars funds into her super fund, and claim … [Read more...]

Managing capital gains tax with super contributions

Q: I am about to make a capital gain of about $200,000 on an investment property I have owned for several years. My marginal tax rate is 32.5% and I am an employee, and 43 years old. I want to contribute the equivalent of the capital gain to my super, which is not self-managed, so I can save some … [Read more...]

Defined benefit fund members: Are we subject to contributions caps?

Q: My question is about a member’s notional superannuation account’s yearly value amounts. Are these “Notional amounts” that the (long time) employee will receive, but not yet physically accrued in their superannuation account? Are they then included in the individual’s concessional cap? If they … [Read more...]

10 super planning tips for 2015/2016 year-end

Although many people are still reeling from the unexpected superannuation announcements in the 2016 Federal Budget, it’s important to note most of the planned changes will not affect your superannuation decisions for the 2015/2016 year. The Superannuation Guarantee (SG) rates remain the same, … [Read more...]

Super stinker update: Immediate cut to non-concessional contributions caps

On 3 May 2016, as part of the 2016 Federal Budget, Scott Morrison mucked up the retirement plans of countless Australians when he immediately cut the non-concessional (after-tax) contributions cap, taking effect from 7.30pm on 3 May 2016. On 12 May 2016, the ATO published further information on this … [Read more...]

Concessional contributions cap for over-50s to be slashed from July 2017

On 3 May 2016, as part of the 2016 Federal Budget, the Coalition government has announced it intends to scrap the over-50s concessional (before-tax) contributions cap of $35,000, and reduce the general concessional contributions cap to $25,000, from its current $30,000, taking effect from July 2017. … [Read more...]

Super contributions: Over-50s concessional cap (10 Q&As)

In this article, you can find the answers to 10 popular questions received by readers on the concessional (before-tax) contributions cap for over-50s.For a comprehensive guide on concessional contributions, see SuperGuide article Super concessional (before-tax) contributions: 2015/2016 survival … [Read more...]