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SuperannuationRecontribution strategy Aon Hewitt Financial Education SeriesWhat is a recontribution strategy? A recontribution strategy involves withdrawing all or a portion of your super as a lump.

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If you are 75 years or older, the super fund cannot accept any voluntary (concessional and non-concessional) contributions from you apart from mandated (super guarantee) employer contributions which can be contributed at any time regardless of age.

It's perfectly okay to start making super contributions again if you retire but later change your mind and re-enter the workforce. That includes if you have made a written declaration to your super fund you intended to retire and have taken a lump sum super payout or are receiving ongoing payments from your super fund.

Can I reverse an individual super contribution? No, you can't reverse just one super contribution. Instead, you'll need to reverse the entire Pay Super transaction, then reprocess the contributions as described above.

recontribution (countable and uncountable, plural recontributions) (finance) The process of contributing an amount previously withdrawn back into the same fund.

Personal contributions can be made regularly from your after-tax pay, or as a lump sum at any time through the year.

Adding to super after tax You can contribute up to $110,000 each year. An after-tax contribution is also known as a 'non-concessional contribution'. These are made from your take-home pay. These are contributions where tax has already been paid.

The re-contribution strategy involves withdrawing some or all of your superannuation balance, and re-contributing the amount as a non-concessional contribution. Non-concessional contributions form part of the tax-free component of your super fund.

A key reason for using a recontribution strategy is to reduce the taxable component of your super account and increase the tax-free component. When you recontribute the money into the super system, however, it doesn't have to go into your super account.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232