Non-concessional contributions are after-tax superannuation contributions made by you or on your behalf. Non-concessional contributions are not usually taxed again in your superannuation fund.

Non-concessional contributions include:

  • personal after-tax contributions
  • spouse contributions
  • contributions deducted by your employer from your after tax pay
  • excess concessional contributions not released from your fund
  • amounts in excess of your capital gains tax (CGT) cap amount, and
  • some transfers from foreign superannuation funds (e.g. KiwiSaver contributions), except any foreign transfers that are treated as assessable income by your super fund.

NOTE: Non-concessional contributions include member contributions to the Commonwealth Superannuation Scheme (CSS), Public Sector Superannuation Scheme (PSS), Military Superannuation and Benefits Scheme (MSBS/MilitarySuper), and Defence Force Retirement and Death Benefits Scheme (DFRDB).

Caps on non-concessional contributions

There are limits on the amount of non-concessional contributions an individual can have in a particular financial year. Tax penalties may apply for exceeding those limits in any given financial year.

See also Non-Concessional Contributions Caps

Exclusions from caps

Some special types of after-tax contributions may be excluded from counting towards your non-concessional contributions cap provided specific conditions are satisfied. These special contributions include:

  • structured settlement payments related to personal injuries, and
  • personal contributions from the proceeds of capital gains that are under your lifetime cap and for which you have elected to exclude from your non-concessional contributions.

See also Proceeds from Capital Gains