Superannuation - Who can Invest

Superannuation - Almost everyone can pay into a Superannuation fund. These include:

  • Housewives
  • Pensioners
  • Children
  • Self Employed
  • Employed
  • Unemployed
Who can contribute to Superannuation
  • Superannuation under the age of 65 – Who can contribute
    No restrictions apply
  • Superannuation between 65 and 69 inclusive – Who can contribute
    At the time of contribution, must have worked at least 40 hours over a consecutive period of no more than 30 days during the financial year; or contributions are mandated employer contributions**.
  • Superannuation between 70 and 74 inclusive – Contribution rules
    Only personal Undeducted Contributions can be made provided the individual meets the work test (detailed in ages 65-69); or contributions are mandated employer contributions**.
  • Superannuation age over 75 – Who can contribute
    Individuals over the age of 75 can’t personally contribute, however, payments under a certified agreement or award can still be made at this time.
Note: There are special rules concerning the deliberate transfer of assets and excessive super contributions if people attempt to gain this protection when they are already aware things may be going wrong.