Concessional contributions are employer based contributions (including contributions made under a salary sacrifice arrangement), and if you are self employed, personal contributions claimed as a tax deduction.  Non-concessional contributions are contributions that are made with post tax dollars.

*If you're aged 65 or over, you must satisfy a work test to make super contributions. You cannot make super contributions beyond the age of 74.

 **The bring forward rule only applies to people under 65 years of age and once the $150,000 non-concessional cap is exceeded in a year the bring forward rule applies which means no more than $450,000 non concessional contributions can be made in the current and next 2 financial years.

Review salary sacrifice arrangements

If you are 50 or over and using a salary sacrifice arrangement to get money into your fund, you need to review these arrangements before 30 June to ensure that you are within the reduced concessional contribution cap for 2012/2013.

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