Learn why nonconcessional contributions are worth it and essential for any retirement plan and how they can provide you with more income in retirement.

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⏱ Timestamps
00:00 What are nonconcessional contributions?
00:47 Concessional vs nonconcessional contributions
02:17 Benefits of nonconcessional contributions
03:44 Other benefits of nonconcessional contributions

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– What Are NonConcessional Contributions & Are They Worth It?

Knowing which type of contribution to make to super (and how much) can be daunting.

A nonconcessional contribution is a contribution made to superannuation with aftertax dollars, usually from your personal bank account.

By making a nonconcessional contribution, you are placing more of your wealth in the taxeffective superannuation environment, where investment earnings are taxed at a concessional rate and received completely taxfree once you retire.

There are a number of reasons why nonconcessional contributions are worth it.

This video compares concessional and nonconcessional contributions, explains the main benefits of nonconcessional contributions, as well as some other benefits that many people don’t always consider.

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