Making contributions 

How much you can contribute, when you can contribute and the tax on contributions depends on:

1. If your fund has your tax file number

2. How old you are and the type of contribution you would like to make, and

3. How old you are and the number of hours you work 

Type of contribution	Tax on contributions	Contribution caps 2008-2009	How to make contributions to First State Super	Other issues
Concessional contributions
Superannuation guarantee (SG) contributions Legislation generally requires that your employer contributes 9% of your salary into super	15% provision for tax is deducted from concessional contributions when allocated to your account 31.5% additional tax on contributions if member TFN not held by the fund 31.5% additional tax on contributions in excess of the cap	$50,000 if less than age 50 years old $100,000 if 50 years old or more (ends 30 June 2012) Maximum earnings base limit for each quarter in the 2008–09 financial year is $38,180.	Automatically if you are an employee of a First State Super participating employer, unless you have instructed   otherwise Ask your employer to contribute to First State Super. You will need to give your employer a First State Super Standard choice form and Compliance letter (PDF 277kb)	SG contributions cease at age 70
Mandated contributions Compulsory employer contributions made under an industrial award or certified agreement	See above	$50,000 if less than age 50 years old $100,000 if 50 years old or more (ends 30 June 2012)	An employer arrangement
Additional employer contributions   Voluntary contributions above compulsory requirements	See above	See above	An employer arrangement	Subject to work test
Salary sacrifice contributions Contributions made by entering an arrangement with your employer where you agree to reduce your future gross salary and replace it with employer contributions to your super	See above	See above	Once you have confirmed that your employer offers salary sacrifice, you can complete the Contributions by payroll deduction (FSS010) (PDF 125kb) form and return it to your employer	Subject to work test Not all employers offer salary sacrifice – ask your employer if it is available
Self-employed contributions Contributions made by self employed persons for which a tax deduction is claimed	See above	See above	By cheque: complete and return the Contributions by cheque (PDF 90kb) form By EFT: complete and return the Contributions by EFT - Internet Banking Only (PDF 76kb) form	Subject to work test Tax deductions can only be claimed if less than 10% of your assessable income and reportable fringe benefits are attributable to your employment as an employee and contributions are made before the 28th day after the end of the month in which you reach age 75
Non-concessional contributions
Personal contributions   Regular and/or one-off contributions made from after-tax income	No tax is deducted from non-concessional contributions when allocated to your account 46.5% additional tax on non-concessional contributions in excess of the cap	$450,000 over a 3-year period if less than age 65 years old $150,000 if 65 years old or more.	Regular personal contributions By payroll deduction: complete the Contributions by payroll deduction (PDF 125kb) form and return it to your employer By EFT: complete and return the Contributions by EFT - Internet Banking Only (PDF 76kb) form One-off personal contributions By cheque: complete and return the Contributions by cheque (PDF 90kb) form By EFT: complete and return the Contributions by EFT - Internet Banking Only (PDF 76kb) form	Non-concessional contributions cannot be accepted if the Fund does not hold your TFN Subject to work test
Spouse contributions   Contributions made from after tax income made into an account for your spouse	No tax is deducted from non-concessional contributions when allocated to your spouse’s account 46.5% additional tax on non-concessional contributions for your spouse in excess of the cap	$450,000 over a 3-year period if less than age 65 years old $150,000 if 65 years old or more.	Using the details of the receiving spouse, contribute: By cheque: complete and return the Contributions by cheque (PDF 90kb) form By EFT: complete and return the Contributions by EFT - Internet Banking Only (PDF 76kb) form	If your spouse is between the age of 65 and 69, super funds can only accept contributions if your spouse has worked at least 40 hours in a period of not more than 30 consecutive days in the financial year to which the contributions are made. Once your spouse reaches age 70, you cannot make spouse contributions
Government co-contributions   Contributions by the Federal Government to match personal after-tax contributions	No tax is deducted from non-concessional contributions when allocated to your account	Excluded	See personal contributions	Subject to co-contribution eligibility criteria Find out more about the co-contribution Work out the co-contribution to your super
Contributions excluded from the non-concessional cap   Contributions made from certain personal injury payments Contributions from the disposal of certain small business assets up to a $1 million life time limit	No tax is deducted from non-concessional contributions when allocated to your account	Excluded	Complete and return the Contributions by cheque (PDF 90kb) form and attach with a cheque	Cannot be accepted if the Fund does not hold your TFN Life time limit of $1 million applies to contributions in respect of the sale of small business assets (which qualify for the small business capital gains tax exemptions). Contributions below the limit are not non-concessional contributions. Contributions above the limit which are personal contributions are included in the non-concessional cap.