Money paid into your super account is called superannuation contributions. So when your employer puts part of your pay into your super, it's employer super contributions.
And you can add extra, too.
If you do this after tax, it's a voluntary or personal super contribution. If you add extra before tax, it's called salary sacrifice.
How? You invest more money. You may be able to save on tax. And you could get a bonus, too.
If you earn less than $58,445 a year and put extra in your super, you could get up to $500 added to your balance.
If you earn less than $37,000 a year, the ATO could give you a $500 refund in super contribution tax.
Stay with us and you could get a bonus when you retire by opening a Retirement Income account or Lifetime Pension.
You have 2 ways to put super into your account: before tax or after tax. There are different rules and benefits for each.
If you want to add super to your account before tax (salary sacrifice), you'll need to ask your employer to set this up. They'll make the deposits from your pay.
Voluntary personal super contributions come from your take-home pay. You have a few options on how to do this, including BPAY®, direct debit, and setting it up with your employer.
|Contribution type||Income||Super contribution age limits|
|Employer's superannuation guarantee (SG) payments||Any income||18 years and over (or under 18 and working 30 hours a week or more)|
|Voluntary contributions (after-tax)||Any income||Under 75 years|
|Downsizer contribution||Any income||55 years and over|
|Splitting super contributions||Any income||Spouse getting the contribution is under the age they can access their super (or between 60–65 years and still working)|
|First Home Super Saver (FHSS) scheme||Any income||Under 75 years|
|Low income super tax offset (LISTO)||Up to $37,000/year||No age limit|
|Spouse contributions||Spouse under $40,000/year||Spouse getting the contribution is under 75 years|
|Salary sacrifice (before-tax)||Best for over $45,000/year||Under 75 years|
|Government super co-contribution||Up to $58,445/year||Under 75 years|
Use our app or log in online to see if your employer is paying super to the right account.Log in to check
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Can't find the answer you're looking for? Try our other frequently asked questions about super.
You generally pay 15% tax on contributions that you make before tax, like salary sacrifice. But this is usually less than your normal tax rate.
You don't pay any extra tax on contributions you make from your take-home pay. Why? Because this money has already been taxed.
Learn more about tax on super contributions.
Reportable super contributions are extra payments to your super that are more than those your employer must make.
They need to be reported to the Australian Taxation Office (ATO).
There are 2 types:
Check if you need to report your super contributions.
It's easiest to find your BPAY details for making a payment in Member Online or the Australian Retirement Trust app.
Or you can get your biller code and reference number with the biller code lookup tool.