Give yourself a LEG UP by boosting your super

Putting a little extra away now could make a world of difference later. Boosting your retirement savings is easy and, depending on your eligibility, the government may even match a portion of your contribution to super. Check your eligibility below and calculate how much the government could contribute for you.

Why make after-tax contributions?

Boost your balance

The more you put into your super now, the more you'll have to enjoy later in life. Super is often the main source of income for Australians during retirement, so it's worth chipping in extra.

Government co-contribution

If eligible, the government will reward your savings efforts with a co-contribution of up to $500.

Spouse contributions

By boosting your spouse's super balance, you could be eligible for a tax offset of up to $540.

How does it work?

If you will earn less than $56,112 this financial year, a regular or lump sum after-tax contribution could qualify for the government’s superannuation co-contribution scheme.

That means, for every dollar you contribute, they’ll also put in up to 50 cents. The maximum co-contribution you could receive is $500^ for every financial year you’re eligible.

What $5 a week (after-tax contributions) could make in 10 years^

 Savings balance
Year 1$271
Year 3$1,160
Year 5$2,198
Year 7$3,410
Year 10$5,618
What after-tax-contributions look like over 10 years

Check your eligibility

Check your eligibility for a government co-contribution

If you can answer 'yes' to each statement below, you are eligible for a government co-contribution if you make a personal after-tax contribution in the 2021/22 financial year:

Am I eligible?

  • My total income this financial year will be less than $56,112.
  • For the 2021/22 financial year, 10% or more of my total income will come from employment-related activities, carrying on a business, or a combination of both.
  • I will be less than 71 years old on 30 June 2021.
  • I have not and will not hold a temporary resident visa this financial year (New Zealand citizens and holders of prescribed visas are exempt from this requirement).
  • I will lodge an income tax return for the 2021/22 financial year.
  • I have a total superannuation balance less than $1.6 million at 30 June 2020.

Please refer to the ‘Important information’ section below for additional requirements, and refer to our fact sheet Let the government top up your super for more details.

Check spouse eligibility for tax offset

At the time your partner (married or de facto) makes a spouse contribution to your super, you need to answer 'yes' to all statements below. Your partner will then be eligible for a tax offset.

Am I eligible?

  • I am under age 67, or, have reached age 67 but am under age 75 and meet the work test.1
  • My spouse and I are Australian residents.
  • We are not living apart permanently.
  • My partner made the spouse contribution directly to my super account (not to their account first, then split to my super).
  • The contribution was not made to satisfy a family law obligation.

The offset available depends on your (the receiving spouse's) income. If your income is:

  • less than $37,000, then your partner will receive the full offset which is 18% of contribution (up to maximum amount)
  • between $37,000 and $40,000, the offset is reduced for every $1 that the your partner's income is over $37,000
  • over $40,000, there is no offset available.

For more details, read our fact sheet Make spouse contributions work for you.

Ensure you stay within the after-tax contribution limits

Rules and restrictions apply to how much you can contribute to super with after-tax money. It’s important to be aware of the limits; exceeding the contribution caps could mean paying extra in tax. For full details on the caps applicable, please carefully read our fact sheet Opportunities and limits for super contributions.

Co-contribution calculator

Calculate your super co-contribution and spouse contribution tax offset entitlements.

Your 2021/22 total taxable income* (Check eligibility conditions)
Maximum government co-contribution you could receive
Personal after-tax super contribution required to receive maximum government co-contribution amount
After-tax contribution amount your spouse will make on your behalf
Tax offset amount your spouse will be entitled to as part of their tax return (Check spouse tax offset eligibility conditions)
Personal after-tax super contribution you will make
Government co-contribution you will receive (Refer to important information below)

How to get started

It's easy to make either regular or once-off lump sum after-tax contributions to your NGS Super account. Simply choose the contribution method that best suits you:

Lodge your tax return

Once you’ve lodged your tax return, the ATO will pay any co-contribution that you’re entitled to, directly into your NGS Super account — generally within 60 days. The amount will then appear on your next member statement. When your spouse’s tax return is lodged, the ATO will take the tax offset for any spouse contribution into account when calculating the tax refund.

For more details, check out our fact sheets Let the government top up your super and Make spouse contributions work for you. Or you can call us on 1300 133 177, Monday to Friday, 8am-8pm (AEST/AEDT).

Advice services

As a member of NGS, you have access to our dedicated advice services. Our expert advice team can help you make sense of your finances, and guide you to achieving the goals you have, whether big or small. Find out more

Important information

NGS must have your tax file number to accept after-tax contributions.

Eligible personal super contributions were or are to be made to your super account during the 2020/21 financial year.

* Your total annual income is assumed to meet the definition of ‘total income’ for the co-contribution eligibility test and income for the spouse tax offset eligibility test, which is the sum of the following with nil allowable business deductions:

  • your assessable income for the financial year
  • your reportable fringe benefits total for the financial year and
  • your total reportable employer super contributions for the financial year.

You must also meet the following conditions:

  • you must have had a total superannuation balance less than $1.6m on 30 June 2020
  • you will not breach the non-concessional (after-tax) contribution cap ($100,000) for the 2020/21 financial year. Note: you are not entitled to a super co-contribution and your spouse is not entitled to a tax offset in respect of any personal contributions that have been allowed as tax deduction.

^ The amount varies depending on your taxable income and how much extra you can contribute.
These calculations are made based on a person earning an income of $40K initially and making a contribution of $5 (after-tax) every week throughout the entire financial year into a super account, assuming a 8.04% p.a. return (Diversified (My Super)) as at and a wage inflation of 2.50% p.a. over 10 years. The figures provided are based on a series of assumptions, including that all contributions can be saved without additional tax or fees, and are general illustrations only. They do not take your personal circumstances into account and are not intended to be a substitute for professional advice.

1 The work test: Required to work at least 40 hours in 30 consecutive days in the financial year.

NGS Super's Privacy Policy issued by NGS Super Pty Limited ABN 46 003 491 487, AFSL No. 233154 the trustee of NGS Super ABN 73 549 180 515. The information contained on this site is general advice only. It is not intended to be used as a substitute for professional advice and may not be right for you.

Visit our General Advice Warning.

Past investment performance is not a reliable indicator of future performance.

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