Super payment limits
There are limits to how much you can put into your super as after-tax ( non-concessional) contributions.
||Limit for after-tax (non-concessional) contributions
||Up to $110,000 per year, or up to $330,000 over a 3 year period
|65 to 66
||Up to $110,000 per year
|67 to 74
||$110,000 a year if you meet the work test
||You cannot make extra contributions
These limits apply for the 2021/22 financial year. Your total super balance also affects these limits.
Tax file number (TFN) requirements
To accept personal contributions from you, Cbus needs your TFN.
Update your TFN via your online account, or call us on 1300 361 784.
If you’re over 67, you need to pass the work test
For those aged between 67 and 74, there are Government restrictions on making personal contributions to your super account.
To be eligible to make personal contributions, you must pass the ‘work test’.
This means you need to have worked for at least 40 hours within 30 consecutive days, in the financial year you made the contributions. Keep in mind that any unpaid work, such as volunteering, can’t be considered for the ‘work test.’
Use the voluntary contributions work test form (PDF) to confirm if you are eligible to receive super contributions.
Work test exemption
From 1 July 2021, if you are aged between 67 to 74, you are allowed to make contributions into super for one more year after you stop working if:
- you have satisfied the work test in the previous financial year
- your total super balance is less than $300,000 at 30 June of the previous financial year
- you have not previously used the work test exemption.
To encourage personal contributions into your super account, the Government offers extra contributions to give your balance a boost.
Within the limits on non-concessional contributions, you can contribute any amount you like to your super fund. The more money you put in, the higher the Government contribution, up to a $500 maximum (subject to meeting eligibility criteria, see table below).
After you've made your personal contribution and lodged your tax return for the year, the Government will automatically pay your super co-contribution direct into your super account.
It’s tax-free, so any benefit you receive will go directly towards building your super.
Am I eligible?
To be eligible to receive the Government co-contribution you must:
- be a permanent resident of Australia and under 71 at the end of the financial year
- make a personal contribution to your super and not claim a tax deduction for it*
- ensure your 'total income'† is less than $56,112 for the 2021/22 financial year
- lodge a tax return for that year of income
- have supplied your TFN to Cbus
- have a total super balance of less than $1.7 million* at the end of the previous financial year
- not have contributed more than your after-tax (non-concessional) contributions cap
*Employer or salary sacrifice contributions do not count as personal contributions.
†10% or more of your total income must be from employment related activities, such as working as an employee, running a business, or a combination of both.
Government co-contribution for $1,000 after-tax contribution
|Your total income
|$41,112 or less
||or more $0
Total income is your assessable income, plus reportable employer super contributions and reportable fringe benefits. Figures are for the 2021/22 financial year. Find out more about the Government co-contribution on the ATO website.