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Remember: For members of Triple S, Flexible Rollover Product, Super SA Income Stream and Super SA Select who are accessing the online member portal for the first time, please click on the ‘Register’ button below.

Making additional contributions is a great way to grow your super.

As you’ve already paid tax on this money, it’s not taxed again when you claim your super however you will pay tax on any investment earnings.

You can make additional after-tax lump sum contributions of a minimum of $1,000 into your Flexible Rollover Product if:

  • you're under age 65 or
  • you're over age 65 and under age 75 and work at least 40 hours in 30 consecutive days during the financial year

And remember that by making after-tax contributions you could qualify for the Commonwealth Government’s Co-contribution if you earn less than $52,697 a year.

It's worth noting that Federal Government contribution caps apply to the amount of contributions you can make into your super and retirement products from 1 July 2017. These caps include a $100,000 annual cap for non-concessional (after-tax) contributions, with a bring-forward amount of up to $300,000, subject to transitional arrangements1.

Individuals with a total super balance above $1.6 million will generally no longer be able to make non-concessional contributions (exceptions apply for defined benefit schemes where contributions are required).

1 Refer to the ATO website for further information about the bring-forward transition limits.

 

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