Non-Concessional Contributions

A Non-Concessional Contribution is after tax money that Members contribute to their SMSF. These contributions are not taxed in your Super Fund, as it has already been taxed in a personal capacity.

There are caps on the Non-Concessional Contributions you can contribute to your SMSF each financial year. If you go over the cap, you may have to pay penalty tax on the excess contribution. From 1 July 2017, the Non-Concessional Contribution cap is reduced from $180,000 to $100,000 per year. Individuals who hold a superannuation balance of more than $1.6 million cannot make any further Non-Concessional Contributions to the Fund as of 1 July 2017.

Non-Concessional Contribution Cap Table

Financial year Non-Concessional Cap Tax on amounts over cap
2017–18 $100,000 47%
2016–17 $180,000 47% (plus 2% budget repair levy)
2015–16 $180,000 47% (plus 2% budget repair levy
2014–15 $180,000 47% (plus 2% budget repair levy)
2013–14 $150,000 46.5%

Members under 65 years of age will have the option of utilising the Bring Forward Rule to contribute up to $300,000 over a three-year period, depending on their total superannuation balance. Please view the Tax Office video on Non-Concessional Contributions and the workings of the 3 year bring forward rule:

For more information on other types of Contributions, please see our Contributions page.

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Superannuation Warehouse is an accounting firm and do not provide financial advice. All information provided has been prepared without taking into account any of the Trustees’ objectives, financial situation or needs. Because of that, Trustees are advised to consider their own circumstances before engaging our services.