What is a non-concessional contribution?

• A non-concessional contribution is an after tax contribution that you can personally make to your super fund and will not be included in a fund’s assessable income. Therefore a tax deduction cannot be claimed for such contributions. Examples of non-concessional contributions include:
  • personal contributions;
  • profits earned from selling an asset;
  • contributions made by a spouse; and
  • for persons under 18 years of age contributions made by another person other than the employer.
• There are annual limits for non-concessional contributions and any excess contributions are taxed at the marginal tax rate.