|Superannuation Guarantee||Salary sacrifice||Personal deductible||Personal after-tax||Spouse|
|Under age 67|
|Aged 67 to 74 and worked at least 40 hours in a period of no more than 30 consecutive days in that financial year||¹||1||1,2||1|
|Aged 75 +||²|
Note: To make personal after-tax contributions or spouse contributions the person for whom the contribution is being made must have a total super balance of less than $1.7 million at 30 June of the preceding year and have provided their Tax file number (TFN) to their super fund.
For more information on the restrictions that apply to super contributions and contribution types, please visit Australian Taxation Office (ATO).
1. If you don’t currently meet this work test, you may still be able to make personal contributions or receive spouse contributions in the financial year after you last met the test, provided your total super balance is less than $300,000 at the start of that financial year. This limited work test exemption can only be applied once in your lifetime.
²· Eligible downsizer contributions can be made without meeting the work test, work test exemption and after age 75.
Any advice and information on this website is general only, and has been prepared without taking into account your particular circumstances and needs. Before acting on any advice on this website you should assess or seek advice on whether it is appropriate for your needs, financial situation and investment objectives.
IOOF Holdings Ltd ABN 49 100 103 722.
MLC Limited uses the MLC brand under licence. MLC Limited is a part of the Nippon Life Insurance Group and not part of the IOOF Group of Companies.