How do I know how I am tracking towards my concessional (before-tax) contributions?

On your Member Online dashboard and the ‘Contributions’ page, you can check how much you have contributed towards your concessional contributions cap.

Your concessional contributions cap is the total amount of before-tax contributions you can make before you may have to pay extra tax. If you make contributions over the amount of your cap, the extra amount will be included in your assessable income and taxed at your marginal tax rate.

The details shown here are based on contributions made to your GESB Super account. If you contribute to another fund, you’ll also need to add your other before-tax contributions to your concessional contributions cap.

If you contribute to a West State Super or Gold State Super account, you have what’s known as an untaxed fund.

There is no annual concessional contributions cap in West State Super. Instead, you have a lifetime untaxed plan cap of $1.705 million¹ per super fund for the 2023/24 financial year, which applies to the untaxed element of your benefit. This is the amount which could be paid as a lump sum or transferred to a taxed fund and you will still avoid a higher rate of tax.

If you’re also making concessional (before-tax) contributions to a taxed fund, the contributions shown still count towards the concessional contributions cap of $27,500² for your taxed fund.

You’ll need to take this into account as you work out your progress towards your contributions cap for the 2023/24 financial year. For West State Super, you can see your before-tax contributions for the current financial year. If you have a Gold State Super account, you’ll need to work out your notional employer contributions to make sure you don’t exceed the cap.

1 For the 2023/24 financial year, indexed annually in line with Average Weekly Ordinary Time Earnings, in increments of $5,000 rounded down. If you are a member of more than one untaxed scheme, the untaxed plan cap applies to each one.
2 For the 2023/24 financial year. The concessional contributions cap is indexed annually in line with Average Weekly Ordinary Time Earnings in increments of $2,500 rounded down and only applies to taxed funds like GESB Super. If you only contribute to an untaxed fund such as West State Super, this annual concessional contributions cap does not apply to you. Instead, you have a lifetime untaxed plan cap .