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10 Superannuation

Contributing to Superannuation

Eligibility to Contribute to Super

For contributions, other than mandated superannuation guarantee contribution (11% for 2023/24 made by your employer), you need to first be eligible to make the contribution. Eligibility is based on your age and employment situation:

  • People under age 75 can make or receive personal contributions and salary sacrificed contributions to super regardless of their employment situation. The overall age limit to be able to contribute to super was increased from 67 to 75 effective from the 2022/23 financial year.  However, those aged 67 to 74 will need to satisfy a work test if they wish to make a concessional contribution and claim a tax deduction for their contribution. 

    The work test is defined as having been gainfully employed for at least 40 hours in a period of not more than 30 consecutive days in the financial year.

  • People aged 75 and over cannot make further contributions to super, unless they consist of  compulsory employer SG contributions and downsizer contributions

Please note: 

Those aged 55 or over, and meet the other relevant eligibility criteria, can make a downsizer contribution.  Note the eligibility age to make downsizer contributions decreased from age 60 to age 55 effective from 1 January 2023 (downsizer contributions will be discussed further below).

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