When it comes to your retirement, it’s the little things that make a big difference. Learn how you can boost your super below.

Voluntary Contributions

In addition to the compulsory contributions you receive from your employer, you can make voluntary contributions as a way to boost your super.

  • Salary Sacrifice Contributions
  • Personal Contributions

Salary Sacrifice

Salary Sacrifice is just as the term suggests, you’re sacrificing your salary – where instead of receiving your salary in your pocket today, you request for it to be added to your super. These contributions are also known as ‘pre-tax’ contributions and like your regular super guarantee contributions, these salary sacrifice contributions will be taxed at 15%, making it a tax-effective way to save for your super.

It’s important to remember that there is a cap on your pre-tax contributions of $25,000 – these includes your employer Super Guarantee as well. For example, if you receive super $10,000 of super from your employer this financial year, you can add a maximum of $15,000 of pre-tax contributions to your account.

To start making salary sacrifice contributions, complete the “Voluntary Contributions Form” Form found here and hand it to your employer. Your employer will then add contributions as per your instructions via SuperStream.

Personal Contributions

Personal contributions (or member contributions) are another way to add to your super – especially, if you’re self-employed or out of work for the time being. These contributions are also known as ‘after-tax’ contributions, which means that these contributions have already been taxed at your personal marginal tax rate, so these contributions won’t be taxed again when they enter your account.

You can make a maximum of $100,000 of after-tax contributions per financial year.

You can start making personal contributions, by using your BPAY® Details.

BPAY® allows you to make a contribution by phone or internet from your phone or internet banking account at a time convenient to you. And it’s available 365 days a year!

The BPAY Biller Code and your Customer Reference Number is available in your online account. Click on the circle icon next to your name > Click ‘Personal Details’ >  Scroll to the bottom of the page

Members making a personal contribution may also be eligible to apply for a Tax Deduction for the Personal Super Contributions made to their account. To find out more on the eligibility criteria and process on how to apply, please refer to the ATO website here.

Contribution Caps Apply

It’s important to note that there are limits of how much you can contribute depending on the contribution type.  These contribution caps are subject to change depending on Government legislations. To find out the current contribution caps, please refer to the ATO website here.

It’s good to get financial advice

The key thing to note – once you add these contributions, you cannot withdraw a single cent, unless you meet a condition of release as specified by the ATO.  The information stated above is general in nature and is not tailored to your personal circumstances. We recommend that you speak to your financial adviser to see whether making these contributions is right for YOU.

More on Concessional vs Non-Concessional Contributions

Concessional contributions are also known as pre-tax contributions. They are termed ‘concessional’ as these contributions are taxed at the concessional rate of 15%. It is considered to be tax-effective as this rate of 15%, is lower than the personal tax rate for many.  Contributions that are considered to be concessional are taxed upon entry into the fund. Contributions include:

  • Employer Compulsory Super Guarantee
  • Employer Additional Contribution
  • Salary Sacrifice

The ATO places a cap of $25,000 for concessional contributions. You want to make sure that you’re below this cap so that you’re not paying extra tax.

Here’s a table to help summarise the different types of contributions.


Contribution TypeInformation
Employer Compulsory Super Guarantee
  • Concessional (i.e. Pre-tax)
  • Employers are required to pay you 9.5% of your income as super contributions
  • Concessional Contribution Cap Applies
Employer Additional Contribution
  • Concessional (i.e. Pre-tax)
  • This is anything that your employer pays you on top of the compulsory amount as part of your salary package
  • Concessional Contribution Cap Applies


Salary Sacrifice Contribution
  • Concessional (i.e. Pre-tax)
  • Voluntary contribution arrangement you make with your employer to add more to your super from your pre-tax salary
  • Concessional Contribution Cap Applies
Member Contribution
  • Non-concessional (Post-Tax)
  • Voluntary contribution to add to your super from your own pocket, and are paid via BPAY
  • Non-Concessional Contribution Cap Applies
Spouse Contribution
  • Non-concessional (Post Tax)
  • Voluntary contributions to add to your spouse’s account to boost their super. These contributions can be paid via BPAY.
  • Concessional Contribution Cap Applies


To find out more about Concessional and Non-Concessional contributions, please refer to the ATO website here.

This information is of a general nature and is not intended to provide you with financial advice or take into account your personal objectives, financial situation or needs. Before acting on the information, consider its appropriateness to your circumstances and read the product disclosure statement (PDS), available at crescentwealth.com.au/islamic-super/super-pds/ You may wish to seek independent financial advice from a licensed financial adviser or tax adviser before making any decisions

Supporting your Spouse

Sometimes, we may want to help our spouses with their retirement goals, as they may not be a in a position to contribute to their super. If your partner is earning a low income or taking time off work for caring responsibilities, the Government allows you to make contributions for your spouse in two ways:

  • Spouse Contributions: if your spouse earns a low or no income, you may be able to claim a tax offset if you contribute to their super fund by making a spouse contribution. See tax offset for super contributions on behalf of your spouse on the ATO website
  • Contribution Splitting: you can split your employer super contributions with your spouse. For more information please refer to contributions splitting on the ATO website for more information
Government Co-Contributions

To help those people on lower incomes save more for their retirement, the Australian Federal Government established the Superannuation Co-contribution Scheme. Depending on how much you earn each year, the government can chip in to help boost your super every time you make a voluntary after-tax contribution of your own.

For further information on this scheme and the eligibility criteria, please refer to the ATO website here.

Low Income Super Tax Offset

If you earn $37,000 or less, you may be eligible for a low income superannuation tax offset (LISTO) of up to $500 per year.

You don’t need to do anything. As long as have your TFN on file, the ATO will work out your eligibility and pay the money into your super account.

For further information, please refer to the ATO website here.

First Home Buyers Super Saver Scheme

Saving for a home can be quite challenging in the current context, especially if you’re a first home buyer. The Government has introduced the First Home Super Saver Scheme (FHSSS) as a means to provide a small boost towards your first home deposit.

For further information on this scheme, the eligibility criteria and how you can apply,  please refer to the ATO website here.

Downsize your Home and put Money into Super

If you've owned your home for more than 10 years and you sell it, you may be able to contribute up to $300,000 from the sale to your super.

You must be age 65 or older and meet the eligibility requirements. See downsizing contributions into superannuation on the ATO website.