HOW DO I…make after-tax super contributions by payroll deduction?
Things to know before you start:
- Contributions by payroll deduction is available to Commonwealth Bank Group employees only.
- Tax does not generally apply to these contributions if made within the contributions caps.
- There are caps, or limits, on the amount that can be contributed to super without incurring additional tax. After-tax contributions are included as non-concessional contributions for the purposes of the caps. It is your responsibility to ensure that you do not breach the caps if you want to avoid paying excess tax.
- In some cases, there may be restrictions on when or how super contributions can be made.
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