Making extra super contributions

Adding a little extra today could make a big difference to your retirement.

Add to your super

What are voluntary contributions?

A voluntary contribution (also known as a personal contribution) is any extra after-tax money you choose to add to your super, from your after-tax salary or your personal savings. It can help increase your super balance over time, to give you more in retirement. You may also be able to claim a tax deduction on eligible personal contributions, which could reduce the tax you pay.

There are two types of voluntary contributions you can make to super

Voluntary contribution	Voluntary tax-deductible contribution
Looking for a simple way to grow your super? By adding money to your super, your contribution is treated as a non-concessional contribution. You can make a one-off payment or contribute regularly from money held outside of super. Because the money’s already been taxed, your super fund won’t deduct tax on these contributions. For most people, the annual cap is $120,000 per financial year (increasing to $130,000 from 1 July 2026¹). If eligible, you may be able to contribute up to three years' worth of caps at once (up to $360,000 or increasing to $390,000 from 1 July 2026) using the bring-forward rule. Make sure to check your eligibility before making a large contribution.	Making a voluntary contribution and claiming a tax deduction may help you grow your super in a tax-effective way. By adding money to your super and claiming a tax deduction, your contribution is treated as a concessional contribution. Concessional contributions are capped at $30,000 per financial year (increasing to $32,500 from 1 July 2026¹) and includes employer contributions, such as Superannuation Guarantee (SG), as well as any salary sacrifice. contributions. If eligible, you may be able to carry forward unused concessional contributions which means your personal concessional contribution cap may be higher than the annual cap. These contributions are generally taxed at 15% (or 30% if your income is over $250,000) which may be lower than your personal tax rate (up to 47% including the Medicare levy). This means you could boost your super while potentially paying less tax. Scroll down to ‘How do I claim a tax deduction?’ to learn more.

Voluntary contribution

Voluntary tax-deductible contribution

Looking for a simple way to grow your super? By adding money to your super, your contribution is treated as a non-concessional contribution.

You can make a one-off payment or contribute regularly from money held outside of super. Because the money’s already been taxed, your super fund won’t deduct tax on these contributions.

For most people, the annual cap is $120,000 per financial year (increasing to $130,000 from 1 July 2026¹). If eligible, you may be able to contribute up to three years' worth of caps at once (up to $360,000 or increasing to $390,000 from 1 July 2026) using the bring-forward rule.

Make sure to check your eligibility before making a large contribution.

Making a voluntary contribution and claiming a tax deduction may help you grow your super in a tax-effective way.

By adding money to your super and claiming a tax deduction, your contribution is treated as a concessional contribution.

Concessional contributions are capped at $30,000 per financial year (increasing to $32,500 from 1 July 2026¹) and includes employer contributions, such as Superannuation Guarantee (SG), as well as any salary sacrifice. contributions.

If eligible, you may be able to carry forward unused concessional contributions which means your personal concessional contribution cap may be higher than the annual cap.

These contributions are generally taxed at 15% (or 30% if your income is over $250,000) which may be lower than your personal tax rate (up to 47% including the Medicare levy).

This means you could boost your super while potentially paying less tax.

Scroll down to ‘How do I claim a tax deduction?’ to learn more.

How to add to your super

You can add money to your super via BPAY® or Electronic Funds Transfer (EFT). Here’s how:

Log in to your account
Go to ‘Move money’, where you’ll find your BPAY Contribution Information and Electronic Funds Transfer (EFT) details
Log in to your internet banking and use these BPAY or EFT details to make your personal contribution.

How do I claim a tax-deduction?

You will need to submit a valid Notice of Intent to Claim form to us if you’re claiming a deduction for personal contributions made to your IOOF super account. You can download a form from the Australian Taxation Office (ATO) website and email it to us at clientfirst@insigniafinancial.com.au.

Once you’ve submitted the form, you must receive acknowledge from us, before you:

lodge your tax return
start a pension
withdraw money
rollover the contribution to another super fund.

If you intend to claim a tax deduction for personal contributions, those contributions need to be received by us by 30 June to count towards the current financial year. Please allow 3-5 business days before 30 June for BPAY payments to reach us.

For more information, or to determine if you’re eligible, visit the ATO website, speak with your registered tax agent, or give us a call.

Things to consider before you make a voluntary contribution

Before you add money to your super, make sure to:

Check the contribution caps
Check your year-to-date contributions across all super accounts you hold to avoid exceeding caps
Consider whether you’ll claim a tax deduction
Be aware that super is generally preserved and can only be accessed once you meet a condition of release, such as retirement or reaching your preservation age.

Not sure if you’re eligible to contribute?

Speak with your financial adviser, registered tax agent, or contact us for help.

We’re here to help

We understand our members are on different financial journeys. Your financial goals and lifestyle aspirations are unique, and the advice you receive should be too.

Whether it’s a simple question about your super or a complex financial issue, we have a range of advice services available to provide clarity and help you achieve your best possible retirement outcome.

Often, the best place to start is with our financial coaching team. They can provide general advice at no extra cost, or connect you to a panel of financial advisers, including Shadforth² and Bridges³.

Ready to start your advice journey? Chat with a Financial Coach today.

Book an appointment

Important information

¹ Subject to confirmation by the Australian Taxation Office (ATO)

® Registered to BPAY Pty Ltd ABN 69 079 137 518

The Financial Coaches, Super Advisers, Education Managers and Client Relationship Managers provide financial advice under the Australian Financial Services licence (AFSL) of Actuate Alliance Services Pty Ltd ABN 40 083 233 925 AFSL 240 959 (Actuate).

IOOF Investment Management Limited (ABN 53 006 695 021, AFSL 230524, RSE L0000406) (IIML) as the trustee of the IOOF Portfolio Service Superannuation Fund (ABN 70 815 369 818), the AvWrap Retirement Service (ABN 82 004 832 237) and the product issuer.

Actuate and IIML are both part of the Insignia Financial group of companies comprising Insignia Financial Limited ABN 49 100 103 722 and its related bodies corporate (Insignia Financial Group).

IIML has appointed Actuate to provide general and limited advice services (which includes simple super advice) to members of relevant products in the Fund. Neither IIML, nor any other entity within Insignia Financial Group, including any other entity within the Insignia Financial Group that is a trustee for a regulated superannuation fund, is liable for or responsible for any work, action or advice provided by Actuate.

Any advice or information provided to you by a Financial Coach during a super consultation will be of a general nature only and will not take into account your personal objectives, financial situation and needs. Because of that, before acting on any advice provide to you, you should consider its appropriateness to you, having regard to your personal objectives, financial situation and needs.

Please visit insigniafinancial.com.au/actuatewdi for important information about Actuate’s financial advice services.
² Shadforth Financial Group (Shadforth) ABN 27 127 508 472, AFSL 318613. Shadforth is part of the Insignia Financial Group. Please visit sfg.com.au/wdi-fsg for important information about Shadforth’s financial advice services.
³ Bridges Financial Services Pty Limited (Bridges) ABN 60 003 474 977 AFSL 240837. Bridges is part of the Insignia Financial Group. Please visit bridges.com.au/wdi-fsg for important information about Bridges’ financial advice services.

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Voluntary contributions