Overview
Superannuation grows through a mix of employer contributions, government incentives, and voluntary top-ups. This life event lets you model contributions including concessional contributions - which are generally taxed at 15%, compared to marginal income tax rates of up to 47% - and see how they might impact your long-term financial picture.
Use this event to model:
Once-off or recurring contributions
Personal or spouse contributions
Scenarios where you use your full concessional cap or contribute a custom amount
Carry-forward of unused concessional caps, if eligible
We model all Super Contributions as Post-Tax / Personal Super Contributions. In a yearly model there's no difference between this and pre-tax contributions (made by salary sacrificing). As the contributions are Post-Tax contributions, you'll see:
A cashflow impact for the cash out (essentially an expense) to make the contribution
A deduction equivalent to the concessional contribution amount (including any carry-forward contributions) in your tax details
IMPORTANT!!!
While employer contributions (e.g. Salary Sacrifice or Super
Guarantee) are automatically treated as concessional; personal super contributions (eg Post-Tax [as we are modelling in Canwi]) are non-concessional (i.e. you do NOT get a tax deduction) unless a valid Notice of Intent is lodged and confirmation given by the super fund.
You can find this form here:
"Notice of intent to claim or vary a deduction for personal super contributions"
🧾 What you’ll need to enter
Who’s contributing: Pick the person making the contribution.
Which fund it’s going to: Choose from the super funds you've already added.
Contribution amount:
Set a fixed dollar amount or
Choose to maximise the concessional cap each year (including carry-forward if eligible).
Frequency: Decide if the contribution is once-off or ongoing (e.g. yearly).
End year (if recurring): Set when the ongoing contributions should stop.
📌About contribution types
We automatically detect the type of contribution based on who owns the super fund:
If the contributor owns the fund: It’s treated as a personal concessional contribution.
If it’s their partner’s fund: It’s treated as a spouse contribution, which doesn’t count towards concessional caps and can’t use carry-forward.
📉 Fixed amount or max out?
Fixed amount lets you manually pick the contribution amount. You can optionally limit it so it doesn’t go over the concessional cap.
Maximise concessional contributions automatically contributes up to the full cap each year (and uses carry-forward if eligible).
Need a refresher on concessional caps? ATO: Concessional Contributions Cap →
🔁 Carry-forward contributions
If you haven’t used your full concessional cap in previous years, and your super balance is under $500k as of 30 June last year, you may be eligible to carry forward unused amounts.
You can choose:
Don’t use (the default)
Expiring only — use amounts that are about to lapse, plus this year’s cap
Use all — use everything available from the past 5 years
More on this: ATO: Carry-forward unused caps →
