Putting a little extra away now could make a world of difference later. Making a personal contribution is easy and, depending on your eligibility, the government may even match some of your after-tax super contributions. To see if you qualify for government co-contributions, check your eligibility below.
Calculate your super co-contribution and spouse contribution tax offset entitlements.
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^ 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 2023–24 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.
In addition, you must also meet the following conditions:
- you must have had a total superannuation balance less than $1.9 million on 30 June 2023
- you will not breach your non-concessional (after-tax) contribution cap for the 2023–24 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 case study figures provided are based on a series of assumptions, 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.
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Past investment performance is not a reliable indicator of future performance.