Putting a little extra away now could make a world of difference later. Boosting your super is easy and, depending on your eligibility, the government may even match some of your contribution. Check your eligibility below to see 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.

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 it works

After-tax or ‘non-concessional’ contributions are extra contributions you make from money you’ve already paid tax on, like your after-tax salary, a tax refund or an inheritance.

Even just a small regular after-tax contribution can make a difference and help grow your super faster!

after-tax contributions growth

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

  Savings balance
Year 1 $270
Year 3 $1,156
Year 5 $2,187
Year 7 $3,384
Year 10 $5,556

Government co-contribution

If you will earn less than $57,016 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.

Am I eligible?

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 2022-23 financial year:

  • My total income this financial year will be less than $57,016.
  • At least 10% of my total income for the 2022-23 financial year 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 2023.
  • 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 2022-23 financial year.
  • I have a total super balance1 less than $1.7 million at 30 June 2022.

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

1 Your total super balance is generally the total value of your super interests in both accumulation phase and retirement phase at the end of the previous financial year, noting that:

  • for accumulation phase, this is generally the withdrawal value at 30 June
  • for retirement phase, this is the balance of your personal transfer balance cap which is managed by the ATO.

You can view your total super balance through your Australian Taxation Office (ATO) linked account by logging in to your myGov account.

See how much you could get with our co-contribution calculator.

Spouse contributions

Spouse contributions are contributions your partner makes on your behalf from their after-tax income. By making a spouse contribution (up to $3,000) to your NGS Super account, they could also be eligible for a tax offset of up to $540. To be eligible for the tax offset, you (as the receiving spouse) must have an annual income of less than $40,000.

Am I eligible?

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.

  • I am under age 75.
  • Both my spouse and I are Australian residents when the eligible spouse contribution is made.
  • My spouse and I are not living separately or apart on a permanent basis when the eligible spouse contribution is made.
  • The eligible spouse contribution is made directly to my superannuation account (not first to my spouse's fund, then split to my super).
  • The contribution is not being 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 your partner's income is over $37,000
  • over $40,000 — there is no offset available.

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

See how much you could get with our co-contribution calculator.

Make a contribution

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

  • use your unique BPAY® reference number found on your Member Online account to contribute via your internet banking (find your BPAY® details in Member Online by clicking the ‘person’ icon at the top of the screen, then selecting 'Personal Details')
  • request for your employer to deduct a regular amount from your take-home pay by completing a Payroll deductions authority form.

You can also attach a cheque to a completed Lump sum contribution form or have your spouse attach a cheque to a completed Spouse contribution form.

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.

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. You can also call us on 1300 133 177, Monday to Friday, 8am-8pm (AEST/AEDT).

Co-contribution calculator

Your 2022-23 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
Maximum government co-contribution you could receive (Refer to important information below)

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 2022-23 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 $1.7 million on 30 June 2022.
  • you will not breach your non-concessional (after-tax) contribution cap for the 2022-23 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.
^ This calculation is 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 7.82% p.a. return (Diversified (My Super)) as at 30 Jun 2022 and average wage inflation of 2.40% p.a. over 10 years (based on the Wage Price Index of March 2022). 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.

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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