After-tax contributions
If you have extra cash, adding a little to your super today can go a long way for a better tomorrow
Benefits
By making after-tax (non-concessional) contributions you can:
Let's see how this can work
Patrick: age 25
No extra contributions
Super balance at age 67:
$416,655
Janet: age 25
Starts contributing $100 per week at age 50 from take-home pay.
Super balance at age 67:
$521,612
Sophia: age 25
Contributes $50 extra per week from age 25 from take-home pay.
Super balance at age 67:
$589,849
Assumptions: Growth rate is 5.5%, $60,000 Salary, CPI indexed at 2.5%, Salary and contributions are indexed at 2.5%, Starting balance is $4k and Retirement balances are at age 67 but are in today's dollars.
Know your limit
There are caps on how much you can contribute each year and if you go over, you may have to pay more tax.
Contribution limits
Contribute now
You can make an after-tax contribution to your super through your online banking using your BPAY® details, available in Member Online.
You can also make an after-tax contribution via cheque. Make your cheque payable to 'CareSuper' and attach a completed Make a super contribution form.
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