Thinking about topping up your super?

You may qualify for the super co-contribution

If you make after-tax contributions to your super before 30 June this year, you could be eligible for the Government’s super co-contribution of up to $500.

  • Find out how the super co-contributions works.
  • Find out if you’d be eligible for the super co-contribution.
  • See how your much you could receive with our Contributions Calculator.
  • Contribute to your Suncorp super account via BPay with the details in your email.

 



In the 2021/2022 financial year, if your income is less than $56,112 and you make an after-tax contribution to your super, you could be eligible to receive the Government’s super co-contribution. This means the Government may match any personal contributions you make, up to a maximum co-contribution of $500 for 2021/2022. The amount of co-contribution you’re entitled to depends on factors such as income earned, and total personal contributions made during the year. Other eligibility conditions apply. 

The co-contribution amount for 2021/2022 reduces for every dollar you earn over $41,112, until it cuts out at $56,112. If you successfully claim a tax deduction on any personal contribution, you won’t be eligible to receive any co-contribution for those contributions.
 

Why top up now?

Possible bonus top-up
 

Those who are eligible could get a Government co-contribution of up to $500 a year for 2021/22.*

Grow your super balance
 

The more money you put in now, the more you’ll have later on.

Top performer
 

Make a personal contribution and you may be able to claim back some tax.^

Getting started

1.      See the difference that topping up could make for you with our Contributions Calculator.

2.     See how your super is tracking with our Retirement Simulator.

3.     See if you’re eligible for the co-contribution or eligible to claim a tax deduction.

4.     If you’re ready to top up, login to your online member portal or use the BPay instructions we provided in our email to you. For your contribution to count in this financial year, be sure to make your payment by 27 June 2022.


*Eligibility for, and the amount of, co-contribution entitled to is determined annually by the ATO upon receipt of your annual tax return.

^You’re eligible to claim a deduction if you satisfy age, work test and other criteria. If you successfully claim a tax deduction on any personal contribution, you’ll be ineligible to receive a co-contribution for that contribution.

Getting started

1.      See the difference that topping up could make for you with our Contributions Calculator.

2.     See how your super is tracking with our Retirement Simulator.

3.     See if you’re eligible for the co-contribution or eligible to claim a tax deduction.

4.     If you’re ready to top up, login to your online member portal or use the BPay instructions we provided in our email to you. For your contribution to count          in this financial year, be sure to make your payment by 27 June 2022.

Getting started

1.      See the difference that topping up could make for you with our Contributions Calculator.

2.     See how your super is tracking with our Retirement Simulator.

3.     See if you’re eligible for the co-contribution or eligible to claim a tax deduction.

4.     If you’re ready to top up, login to your online member portal or use the BPay instructions we provided in our email to you. For your contribution to count in this financial year, be sure to make your payment by 27 June 2022.

Things to consider

There are a few factors to consider before topping up your super:

Making an after-tax contribution isn’t the only option

  • There are other ways to grow your super that may be more relevant or beneficial for your situation, for example a salary sacrifice arrangement. Find out more at our Grow your super page.

There’s a limit to how much you can contribute

  • Generally, the current after-tax (non-concessional) contribution limit is $110,000 per year if your total super balance on 30 June 2021 was less than $1.7 million.
  • However, you may be able to access higher limits under the bring-forward arrangements. Find out more at our Grow your super page.

We'll need your TFN

  • We need to have your tax file number (TFN) on file to accept your after-tax contributions. To check, login to your online account or call us.
     

You should also consider speaking to a financial adviser before making any decision, as they can take into account your personal circumstances.

Need help?

Call us

Weekdays 9am – 5pm (AEST)

You can also email us at super@spsl.com.au and we’ll give you a call back. 

Make sure you let us know your client ID and when you’d like to hear from us when you email.