For contributions, other than the mandated superannuation guarantee contribution (10.5% for 2022/23) made by your employer, you need to first be eligible to make the contribution. Eligibility is based on your age and employment situation:
People under age 75 can make or receive personal contributions and salary sacrificed contributions to super regardless of their employment situation. However, those aged 67 to 74 will need to satisfy a work test if they wish to claim a personal superannuation deduction for their contribution (the age limit was increased from 67 to 75 effective from the 2022/23 financial year).
The work test is defined as having been gainfully employed for at least 40 hours in a period of not more than 30 consecutive days in the financial year;
- People aged 75 and over cannot make contributions to super, unless they are compulsory employer contributions and downsizer contributions (which will be discussed below).
- Those aged 60 or over, and meet the other relevant eligibility criteria, can make a downsizer contribution. Note the eligibility age to make downsizer contributions decreased from age 65 to age 60 effective from 1 July 2022.