Getting money into super
Children and super contributions
Anyone under age 65, including children (i.e. under age 18), can contribute to super without meeting a work test. Children are subject to the same contributions caps as adults. Children have some special treatment upon receipt of death benefits paid from superannuation.
Super contributions by or for children
|Employer of Child||Child||Anyone other than employer or child (eg parent)|
|Tax deduction available?||Yes - for employer||Only if child has derived income in the income year from:
- carrying on a business, or
|Tax status of contribution||Concessional||- Concessional if tax deduction claimed, or
- Non-concessional if valid deduction notice is not submitted and acknowledged.
|Contributions tax applied to contribution||Max 15%||- Max 15% if concessional, or
- 0% if non-concessional.
Last modified: Friday, November 9, 2018