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Contributing more to super

Although your employer's compulsory superannuation guarantee (SG) contributions are set to rise to 12 per cent by 2025/26, these contributions alone are unlikely to afford you a comfortable standard of living in retirement and you may want to consider contributing more to your super.

As long as you are under the age of 65, you can contribute to super.  You can continue to make contributions if you are between 65 and 74, just as long as you meet certain criteria.

For more information on contributing to super watch our Making contributions video.


There are a number of ways you can benefit from contributing extra money to your super:

Salary sacrifice (concessional contributions)

A salary sacrifice strategy allows you to contribute some of your pre-tax salary to your super. The benefits of this are:

  • your taxable income reduces by the amount you contribute to super, so you could end up paying less in income tax
  • super contributions are taxed concessionally, at up to just 15 per cent, compared to your marginal rate which could be as high as 47* per cent, so you end up paying less in tax twice.

Try our Salary sacrifice calculator which shows how salary sacrificing could help you boost your super or watch our Salary sacrifice explained video.

*Including the Medicare levy 

Personal contributions (non-concessional contributions)

You can also make additional personal contributions from your after-tax money. These are not subject to contributions tax upon entry into your super fund (since they have already been taxed through your income tax).

Super co-contribution

The super co-contribution is a helping hand from the Government. If you are eligible, and make a personal contribution, for every dollar you contribute (up to certain limits) the Government will make a super co-contribution on your behalf.

Splitting super contributions

If you have a low-income-earning or non-working spouse you can make a super contribution on their behalf and, under certain circumstances, qualify for a tax offset.

For more information on splitting super, read our Splitting superannuation contributions guide.

  Additional Information

Bridges Financial Services Pty Limited. ABN 60 003 474 977 ASX Participant. AFSL No. 240837. Part of the IOOF group.This is general advice only and has been prepared without taking into account your particular objectives, financial situation and needs. Before making an investment decision based on this information, you should assess your own circumstances or consult a financial planner. In referring members to Bridges, Horizon Credit Union does not accept liability or responsibility of any act or omission or advice provided by Bridges or its authorised representatives.