Investing into super from your after tax salary, or from savings, is known as ‘non-concessional’ contributions, as unlike concessional contributions you don’t pay any contributions tax going into the fund.
If you have a fairly low level of taxable income non-concessional contributions can be more tax efficient for you than concessional.
Non-concessional contributions also allow you to get larger amounts into your super with the current contribution limit being $180,000 a year (or $540,000 within a 3 year period).
Once inside super the maximum tax you pay on income and capital gains is 15%, and in retirement you generally pay no tax and also receive income and other withdrawals from your super completely free of tax.
