Super Contributions
Adding a little extra to your super today could make a big difference to your final balance and income when you retire.
There’s plenty of ways to help grow your super:
Do this by filling out the Choice of Super Fund form and email it to them. Find it in the ‘Documents’ section when you log into your online account.
Choose Kogan Super
Ask your employer to pay your super contributions into your Kogan Super account.
Do this by filling out the ‘Choice of Super Fund’ form and email it to them. Find it in the ‘Documents’ section when you log into your online account.
Choose Kogan Super
It’s a great way to boost your super balance and pay less tax. Concessional contributions make sense if your normal income tax rate is higher than 15%.
| Income* | Tax rate on before-tax contributions |
| Under $250,000 | 15% |
| $250,000 and more | 30% |
Read the Government limits on super contributions section to understand limits that apply.
Low Income Superannuation Tax Offset (LISTO)
Is your income less than $37,000 a year? The Government may pay up to $500 per financial year into your super if you also add some before-tax contributions.
You don’t even have to apply for it; the Australian Taxation Office (ATO) will automatically deposit the Government’s contribution straight into your super account. For more information, read our Government Contributions fact sheet.
By putting more money aside now, you’ll have more super when you retire.
You can make after-tax contributions using BPAY®. Simply use the:
- Biller Code: 289967
- Reference Number – find this in the ‘Personal Details’ section by logging into your online account
Read the Government limits on super contributions section to understand limits that apply.
Government Co-contribution
By making after-tax contributions to your super, you could be eligible to receive an additional contribution from the Government. This is aimed to help lower income earners grow their super.
If you meet the ATO’s eligibility criteria and earn $52,697 or less*, the Government may add to your super in after-tax contributions.
For more information, please read our Government Contributions fact sheet.
If you go over these caps, you may have to pay extra tax based on:
- Your age;
- The financial year your contributions were made; and
- If you made before-tax (concessional) contributions or after-tax (non-concessional) contributions.
Sharing is caring, especially when you share your super with your spouse.
If your spouse is on a lower income, or not in paid work for a while (such as taking time off to raise a family), this could mean their super isn’t growing quickly. Show you care by helping boost your spouse’s super.
After-tax spouse contributions
Adding to your spouse’s super can help them while also helping you save on tax. If their income is less than $37,000*, and you make an after-tax contribution of $3,000, you could get a $540 tax offset.
| Spouse income* | Tax offset on $3,000 spouse contribution |
| $0 to $37,000 | Full tax offset – $540 |
| $37,001 to $40,000 | Partial tax offset – less than $540 on sliding scale |
| Over $40,000 | No tax offset – $0 |
You won’t receive any tax offset if your spouse has an income of over $40,000* or for contributions greater than $3,000.
Find out more by reading our Contributions fact sheet.
Pre-tax contribution splitting
You can transfer up to 85% of your before-tax contributions to your spouse. Your spouse just needs to be under 64 and not permanently retired, unless they meet the work test requirement.
Find out more by reading our Contributions fact sheet or call us on 1800 517 212 from 8:00am to 6:00pm (AEST) Monday to Friday.
*Income is the sum of your annual taxable income, reportable fringe benefits, total net investment loss and any before tax (concessional) contributions you’ve made to your super.
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The issuer of this product is Mercer Superannuation (Australia) Limited. Mercer Superannuation (Australia) Limited has authorised Kogan Superannuation Pty Ltd to provide financial product advice that is general advice in relation to Kogan Super. A Product Disclosure Statement is available for Kogan Super by clicking here. The information above does not take into account your personal objectives, financial situation or needs. Prior to deciding whether to acquire an interest in Kogan Super, you need to take into account your own financial circumstances, consider the Product Disclosure Statement and Financial Services Guide for Kogan Super and seek professional advice from a financial adviser if you are unsure about what action to take. The value of an investment in Kogan Super may rise and fall from time to time. Mercer Superannuation (Australia) Limited, Mercer (Australia) Pty Ltd and Kogan Superannuation Pty Ltd do not guarantee the investment performance, earnings or return on capital invested in Kogan Super.
You can find important documents for Kogan Super in the Guides and factsheets section.