Aware Super Logo

Home

Getting money into super

Age restrictions on contributions

Section: 2.5

2.5 Age restrictions on contributions

The ability of a superannuation fund to accept a member's contribution is linked to a number of factors including:

  • the age of the member at the time of making contributions
  • whether the member meets the work test (if required)
  • tax file number
  • the member's total superannuation balance.
Age restrictions on contributions to superannuation
 
MANDATED EMPLOYER CONTRIBUTIONS WORK TEST 2 AGE RESTRICTIONS
  • SG contributions
Not applicable Not applicable
  • SG shortfall components
  • award contributions made under an industrial agreement or award
  • payments from the ATO Superannuation Holding Accounts Special Account (SHASA)
     
NON-MANDATED CONTRIBUTIONS WORK TEST2 AGE RESTRICTIONS
From 1 July 2020, other than mandated contributions, a fund can accept the following contributions:
Voluntary employer contributions: The work test applies if aged 67 or over at the time of contribution. A person under age 67 can make personal contributions without restriction2  
  • Salary sacrifice
The maximum age at which the contribution can be made is 751
Personal:
  • Non-concessional 
  • Personal deductible
  • Small business CGT contributions
  • Spouse contribution
The work test applies if the spouse (for whom the contribution is being made) is aged 67 or over at the time of contribution. From 1 July 2020, contributions can be accepted for a spouse who is aged under 751 (previously the limit was age 70).
  • Downsizer contribution
Work test does not apply. There is no upper age limit. Member must be 653 or older and meet other eligibility criteria. 

Note 1 Contributions can be received 28 days after the end of the month in which the person turns 75.

Note 2 In the 2021 Federal Budget the government announced its intention to remove the work test for those aged 67-74 to allow them to make non-concessional contributions^

Note 3 In the 2021 Federal Budget the government announced its intention to reduce the eligibility age for downsizer super contributions from 65 to 60^

^Not yet law

This technical resource is intended for the use of financial advisers only. It is current as at the date of publication but may be subject to change. This publication has been prepared without taking into account a potential investor's objectives, financial situation, needs or objectives. Before making a recommendation based on this material, you should consider its appropriateness based on the client's objectives, financial situation and needs. Rainmaker Group is not a registered tax agent under the Tax Agent Services Act 2009. Your client should refer to a registered tax agent before relying on information published herein that may impact their tax obligations, liabilities or entitlements.

Last modified: Tuesday, August 24, 2021