Why should I consider making after-tax contributions?

Making an after-tax contribution to your super could help you:

• Increase your super balance - rather than relying on the amount your employer contributes, adding to your balance can lead to more money in your super when you retire, depending on market changes, which can impact your balance before and at retirement
• Be eligible for the Commonwealth Government Super Co-contribution - there are other criteria to meet to be eligible, but one of them is that you need to make an after-tax contribution to your super
• Pay less tax on what your super investments earn - the investment earnings on some investments may be taxed up to 49%, while earnings on GESB Super are only taxed at 15% (as West State Super and Gold State Super are untaxed funds, tax only applies when you access your benefit)
• Add to your super after you have reached your concessional contributions cap - if you’ve already reached your concessional contributions cap for your super contributions, you can still grow your super. You have the option to make after-tax contributions up to the higher non-concessional contributions cap