Overlay Graphic
we believe it’s possible
Invest Blue is passionate about helping people reach their goals and dreams by providing quality, tailored financial advice.

Making today count for more

When it comes to your goals, years later you’ll be glad you started today. And there could be benefits to topping up your super now. When you add a little more to your super from your before-tax pay, you could end up paying less tax.

Benefits for now and later

Putting extra into your super from your before-tax pay could:

  • Reduce your taxable income – with some of your pay going into your super, you’ll lower your taxable income, which could mean less tax.
  • Pay less tax on investment earnings – earnings on your super are taxed at a maximum of 15%, whereas earnings on personal investments outside of super are taxed at your personal income tax rate. This can be as high as 45%.

And because super’s for when you retire, what you do today could have long-term perks.

See what it could add up to using our calculator as a guide.

What are before-tax contributions?

Any money put into your super from your pay before tax is known as before-tax contributions.

These could be compulsory contributions which your employer pays, or salary sacrifice which are additional payments into your super that you might choose to make.

You can generally set up salary sacrifice through your HR or Payroll team at work. And you can choose from a one-off payment, such as a bonus, or an ongoing amount from each pay.

Can I check how I’m tracking against the caps?

If you’re an AMP customer you can login to My AMP at any time to check the total contributions in your AMP super account.

You can also set up notifications in My AMP to let you know when you’re getting close to the limit on your AMP super account. Remember the cap applies to all before-tax contributions made in a financial year across all super accounts you may have.

If your super fund is with another provider, you can likely gain access to that information by logging in to their portal.

Things to consider

Everyone’s different, so if you’re thinking about adding a little more to your super before tax, consider your circumstances and whether this is right for you.

  • There are other ways you can boost your super. These include making contributions after tax and if you have a partner, you can make spouse contributions on their behalf (which may attract tax benefits for you).
  • If you exceed the super cap limits, additional tax and penalties may apply.
  • The value of your investment in super can go up and down. So make sure you understand and are comfortable with any risks, including those of your investment option.
  • The government sets general rules about when you can access your super. Generally you can access it when you’ve retired and reached your preservation age, which will be between the ages of 55 and 60 depending on when you were born.

Important information

Source: AMP

All statements about insurance cover are general comments only and the specific terms and conditions of the relevant cover will need to be considered in the event of any claim.

This website contains information that is general in nature. It does not take into account the objectives, financial situation or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information.

Invest Blue Pty Ltd (ABN 91 100 874 744) and Subsidiaries trading as Invest Blue, is an Authorised Representative and Credit Representative of AMP Financial Planning Pty Limited ABN 89 051 208 327, Australian Financial Services Licence and Australian Credit Licence No. 232706

Read our Financial Services Guide for information about our services, including the fees and other benefits that AMP companies and their representatives may receive in relation to products and services provided to you.

All information on this website is subject to change without notice. Although the information is from sources considered reliable, Invest Blue does not guarantee that it is accurate or complete. You should not rely upon it and should seek professional advice before making any financial decision. Except where liability under any statute cannot be excluded, Invest Blue does not accept any liability for any resulting loss or damage of the reader or any other person.