Non-concessional contribution¶
Definition. A non-concessional contribution is an after-tax super contribution made from money you have already paid tax on and do not claim as a deduction, which counts against the non-concessional cap.
In plain English¶
Non-concessional contributions are amounts you put into super from money you have already paid tax on, and you do not claim them as a tax deduction. The ATO explains these after-tax contributions count towards your yearly non-concessional cap.
Related lessons¶
General information only — not tax, super or financial advice.
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