Non-Concessional Contributions
Non-concessional contributions are voluntary after tax payments you make into your super fund, usually from your take home pay.
Quick Reference:
Already taxed. Capped. Age Limit: 75.
Expanded Explanation:
These contributions are made using money that has already been taxed, such as your usual savings or take home wages. They help grow your super faster but don’t reduce your taxable income. However, investment earnings inside the fund are still taxed at the concessional super rate (15%). Non-concessional contributions also count toward eligibbility for government co-contributions.