Age restrictions on making contributions

Effective 1 July 2013, the government has removed the upper age limit applicable to the Superannuation Guarantee, allowing older workers to continue to grow their super if they are still working, regardless of their age.

Employers can claim tax deductions for Superannuation Guarantee (SG) contributions made for these employees.

Age restrictions still apply on additional concessional and non-concessional contributions.

 Contribution Type

Employee's Age

 

 

 

<65

65-69

70-74

75+

Mandated SG or award contributions

Accepted without restriction

Accepted without restriction

Accepted without restriction

Accepted without restriction

Additional employer contributions, including salary sacrifice and self employed contributions

Accepted without restriction

Accepted providing member meets work test

Accepted providing member meets work test

Cannot be accepted

Voluntary after-tax contributions

Accepted without restriction

Accepted providing member meets work test

Accepted providing member meets work test

Cannot be accepted

Spouse contributions

Accepted without restriction

Accepted providing receiving spouse meets work test

Cannot be accepted

Cannot be accepted

Work test

If the employee is aged between 65 and 74, any additional employer contributions (including those made under a salary sacrifice arrangement) and voluntary after-tax contributions made by the employee are subject to a work test.

To satisfy the work test, an employee must have been gainfully employed on a full or part-time basis for at least 40 hours in 30 consecutive days in the financial year.

No additional contributions can be made once the employee turns 75. Any super contribution made by an individual aged 74 must be received by the super fund within 28 days of the end of the month in which the individual turns 75 or it cannot be accepted.

The work test also applies to spouses aged 65-69 receiving spouse contributions from their partner.