Superannuation eligibility

by

Superhero Team

May 26th 2021 3 minute read

If you are under age 67, you are eligible for both employer and voluntary contributions to super.

If you are aged between 67-74, you must satisfy the work test before contributions can be accepted. To satisfy the work test, you must have worked at least 40 hours in not more than 30 consecutive days in the financial year or meet the work test exemption. To meet the work test exemption criteria, you must have:

  1. satisfied the work test in the income year preceding the year in which you made the contribution
  2. a total super balance of less than $300,000 at the end of the previous income year
  3. not relied on the work test exemption in a previous financial year.

You can also make downsizer contributions if you are 65 or over.

If you are age 75 and over, you are eligible for superannuation Guarantee contributions if you are working and downsizer contributions. You can make a voluntary member contribution if it is received by the Fund within 28 days of the date on which you turn 75.