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Carmella and Anna are both 50 years old. They both want to retire at 65 and are looking for ways to maximise their super balance before then. Both earn $110.000 p.a. before tax and super but have only had their employers’ Super Guarantee paid into their super.

Carmella and Anna read about the ‘catch-up’ contribution rules available on 
Under these rules, they can make additional before-tax contributions to their super to ‘catch up’ on their unused before-tax contributions over the previous five years.  


Carmella decides to take advantage of the additional concessional contributions of $10,000 a year.


Anna decides not to add anything extra.

Here is where their super balances are after 15 years, when they are both ready to retire.




Current age 50 50
Income p.a before tax and super at start $110,000 $110,000
Age at retirement 65 65
Starting super balance per fund1 $99,520 $99,520
SG rate at start2 10% 10%
SG contribution at start $10,000 $10,000
Additional concessional contribution amount at start3

$10,000 (or 10% of income)



15 years later

Age  65  65
Total super balance contribution amount at start3 $414,429 $266,280

15 years later, the difference between the two super balances is $148,349

If Carmella maximises the use of concessional contributions (ie, making additional 
contributions of $15,000 a year), she may have even more in super balance at retirement.

We also have a few handy tools

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What's next?

How can I grow my super?

Explore how you can boost your super and retire with more.

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Contribute to your spouse’s super

Explore how contributing to your spouse's super could benefit you both.

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How does salary sacrifice work?

Explore how salary sacrificing into your super could help you boost your retirement savings.

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Related products and services

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MLC Masterkey Pension Fundamentals

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MLC Masterkey Super Fundamentals

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MLC Wrap super solutions

Important information

The examples above are for illustrative purposes only and are not an estimate or guarantee of your account. Neither Kaiden nor Jen is an actual customer of MLC.
ASFA superannuation account balances by age and gender Oct 2017. Table 1: Average superannuation balances by age and gender, 2015-16.
The example assumes both Kaiden and Jen’s current age is 60 with no regular income; they’re looking to retire at 70. Their starting super balance is $214,897 and they both pay $60 p.a. in administration fees. Jen has a balanced investment option while Kaiden has a cash investment option. Investment return for Jen is 4.8% and Kaiden’s investment return is 2.7%. The tax on earnings for Jen is 6.5% while for Kaiden it’s 15%. Investment fees for Jen are 0.5% and for Kaiden are 0.05%. Both Jen and Kaiden pay $100 in insurance fees. For both Jen and Kaiden, the CPI is 2% and the cost of living rise is 0%. Investment options and returns assumptions are based on ASIC’s MoneySmart Superannuation calculator.