How does it work?
There are many important tax benefits associated with investing in super. But to make the most of these benefits you need to understand the different types of super contributions, and be aware of the limits (referred to as ‘caps’) that exist on how much you can contribute to super tax-effectively each
financial year. The two main types of contributions that have a cap are:
Concessional (before-tax) contributions – these are generally made to a super fund by your employer, or if
you’re self-employed, those made by you for which you claim a tax deduction. Examples include Superannuation
Guarantee (SG) contributions, salary sacrifice amounts, and any amount allowed as a personal deduction in your income tax return.

Non-concessional (after-tax) contributions – these are personal super contributions which you or your spouse
makes for you with after-tax income.

The following table shows the caps that currently apply to
both concessional and non-concessional contributions. It also details the extra tax that would apply to any amounts that exceed the cap.

This information is of a general nature only and has been provided without taking account of your objectives, financial situation or needs. Because of this, you should consider whether the information is appropriate in light of your particular objectives, financial situation and needs.