How to re-contribute your COVID-19 early release super

During the early days of the COVID-19 pandemic, Australians were offered early access to their super to help manage financial hardship. If you were one of the 3 million people who made a withdrawal under the scheme, here’s a handy reminder: you still have the option to put that money back — without it counting towards your contribution caps.

This is a rare opportunity to rebuild your super balance in a tax-effective way and protect your long-term retirement savings.

A quick recap: What was the COVID-19 Early Release Scheme?

The federal government introduced the COVID-19 Early Release of Super program in 2020 to support Australians facing financial stress during the pandemic. It ran in two phases:

• From 20 April to 30 June 2020, eligible individuals could access up to $10,000 of their super
• From 1 July to 31 December 2020, a second withdrawal of up to $10,000 was available

The scheme officially closed on 31 December 2020. In total, over $36 billion was withdrawn.

How the re?contribution measure works

Under normal rules, personal after-tax (non-concessional) contributions count towards your annual cap – currently $120,000 (or up to $360,000 under the bring-forward rule). Going over this cap can lead to additional tax and administrative complications.

However, if you’re re?contributing an amount you withdrew under the COVID-19 scheme, you can apply to have it excluded from your cap. This allows you to rebuild your super without reducing the amount of other after-tax contributions you can make in the same year.

You can re?contribute any amount up to the total you withdrew under the scheme. It doesn’t need to be the full $10,000 or $20,000, and you don’t have to contribute it all at once – it can be done in multiple instalments before the 2030 deadline.

Who is eligible?

To use this re?contribution concession, you must:

• Have accessed your super through the COVID-19 Early Release Scheme in 2020
• Make the re?contribution between 1 July 2021 and 30 June 2030
• Ensure the amount doesn’t exceed the total you withdrew
• Not claim a tax deduction for the contribution

This measure is only available to individuals making personal contributions. If you’re contributing to someone else’s account, or claiming a deduction, the re?contribution will count towards your usual cap.

Do you need to complete a form?

If your re?contribution will cause you to go over your non-concessional cap — or even come close — you’ll need to complete the ATO’s Notice of re?contribution of COVID-19 early release amounts (NAT 75394) form. This form tells your fund to report the amount to the ATO as a COVID-19 re?contribution, ensuring it is excluded from your cap.

You must submit the form before or at the time you make the contribution. If you’re well within your cap, the form isn’t required, but lodging it is still recommended in case your circumstances change later in the year.

Let’s say Olivia withdrew $20,000 from her super under the scheme. In 2025–26, she wants to contribute $130,000 of after-tax money to her super. The standard non-concessional cap is $120,000, so she’d be over the limit and trigger a bring-forward arrangement. However, by designating $10,000 of that contribution as a COVID-19 re?contribution using the ATO form, only $120,000 is counted towards her cap — keeping her within the rules and avoiding excess tax.

Key considerations

• COVID-19 re?contributions must not be claimed as a tax deduction
• Contributions still count towards your total super balance, which may impact future contribution eligibility
• You must lodge the form with the same fund you contribute to
• The final date to use this measure is 30 June 2030

Why it’s worth considering

If you withdrew funds in 2020 and your financial situation has since improved, re?contributing those amounts can be a powerful way to repair your retirement savings. It gives you the flexibility to rebuild your super without affecting your ability to make other after-tax contributions or triggering unnecessary tax.

While there’s no requirement to repay what you withdrew, this concession allows you to restore your balance with minimal downside – and the earlier you do it, the more time your money has to grow inside super’s low-tax environment.

Need help deciding?

Super funds and financial advisers can help you assess your contribution options and ensure the right forms are completed. Rebuilding your super can take time — but this rule gives you a head start.