Qantas Super Explores Merger Options. Learn more.

Concessional contributions are those superannuation contributions that are made for you by the Qantas Group1 and any other contributions made from before-tax salary.

They include:

  • Employer contributions, including Superannuation Guarantee contributions;
  • Salary Sacrifice contributions;
  • Insurance premiums and administration fees paid by the Qantas Group on your behalf; and
  • Any other concessional contributions.

The contributions and benefits vary between divisions of Qantas Super. So if you change employment classification or move between divisions, different contributions may be included as concessional contributions.

1Qantas Airways Limited and associated employers

Concessional contributions cap

Concessional contributions are paid into your super from before-tax salary. While you don’t pay income tax on these contributions, contributions tax of 15%1 is charged on concessional contributions that go into your super. Because you may get a tax advantage by putting money into your super from before-tax salary, the Government limits the amount that can be paid into your super and taxed at this lower contributions tax rate. This limit is called the concessional contributions cap.

The 2023/24 concessional contributions cap is $27,500, indexed in line with AWOTE in increments of $2,500 (rounded down).

Note: If you have a total superannuation balance of less than $500,000 on 30 June of the previous financial year, you may be entitled to make additional contributions for any unused amounts. Unused amounts are available for five years, and after this period will expire.

1An additional 15% tax will apply to individuals with combined earnings and concessional contributions exceeding $250,000 in the 2023/24 income year.

Monitoring your contributions

If you make concessional contributions to other super funds, then these contributions are added to your concessional contributions in Qantas Super to assess whether you have exceeded your cap – this calculation is done by the ATO. You are responsible for monitoring the level of concessional contributions made to your super. Neither Qantas Super nor your employer can do this on your behalf. Qantas Super can accept contributions above the caps.

Timing of your contributions can also be important. Contributions are counted towards the cap in the year in which they were credited to your super account.

Any contributions over your concessional contributions cap will also count towards your non-concessional (after-tax) contributions cap. If you’d like more information on the non-concessional contributions cap, please refer to the please read the Tax on Super fact page.

What happens if I exceed my cap?

If your concessional contributions exceed your cap, then the amount above your cap will be taxed at your marginal tax rate.

The ATO will include any concessional contributions made in excess of the cap in your assessable income and apply tax at your marginal tax rate (subject to a 15% tax offset to account for the contributions tax payable on the contributions within the super fund – see the ‘Concessional contributions cap’ section). Interest will also be charged to you by the ATO for any excess concessional contributions that increase your tax liability for the relevant financial year; this is to account for the deferred payment of tax on these monies.

You may also have the option to withdraw any excess concessional contributions (less any contributions tax) from your account. Upon request, Qantas Super will transfer the excess concessional contributions (less any contributions tax) to the ATO to include the gross amount of the excess concessional contributions in your assessable income. The net amount (if any) will then be refunded to you through the issue of an amended income tax assessment.

Calculating your insurance premiums and administration fee

For Division 10 members, insurance premiums and part of the administration fees are paid on your behalf by the Qantas Group. Legislation requires that such amounts paid by the Qantas Group be counted as part of your concessional contributions.

For 2023/24, this is calculated as:

Type of fee or insurance premiumAmount counted as a concessional contribution
Administration fee0.23% pa1 x Superannuation Salary plus 0.01% pa2 x account balance (APRA fee)3
Insurance premiums for Standard Cover for death and TPD (total and permanent disablement)Premium rate4 x (amount of cover you have for death and TPD5 ÷ 1,000)

For more information on your insurance, including eligibility criteria and how to calculate the amount of your insurance cover, please refer to the member disclosure documents for your division. These documents are available on our website or by calling the Qantas Super Helpline.

1Calculated based on your Superannuation Salary as at 1 July 2023 and capped at $1,050 each year.
2This rate is effective 1 July 2023 and may change over time. We will notify of you of any changes as required by law.
3APRA is the Australian Prudential Regulatory Authority. This rate represents a contribution to the annual levy paid by Qantas Super to APRA. Calculated on your account balance at 1 July 2023.
4See the ‘Premium rate’ table below to calculate the rate that applies to you from 1 January 2024.
5Refer to your most recent Annual Statement to determine the amount of your Standard Cover for death and TPD.

Premium rate

The premium rate used for calculating your insurance premiums is based on your age as follows:

Your age at last 1 OctoberAnnual premium rate for every $1,000 of insurance benefit
16 - 30$0.68
31 - 45$1.66
46 - 50$4.67
51 - 55$8.48
56 - 59$15.04
From your 60th birthday cover ceasesNil

Calculating your concessional contributions for the year

Your annual concessional contributions for Qantas Super can be estimated each year. However, it is not possible to calculate your actual annual concessional contributions until after the end of the financial year (when all your contributions have been received by Qantas Super).

Below is an example of how concessional contributions for 2023/24 in Qantas Super will be calculated. Remember, you need to add any concessional contributions made to other super funds to the amount in Qantas Super when monitoring contributions against your cap.

Example for 2023/24:

A Division 10 Member at the beginning of the financial year on 1 July 2023:

  • has a Superannuation Salary of $100,000;
  • is 45 years of age;
  • has Standard Cover for death and TPD of $200,000; and
  • has an account balance of $120,000.


  • For the 2023/24 financial year, has Superannuation Guarantee (SG) contributions of $11,000, voluntary Salary Sacrifice contributions of $9,000, and no other concessional contributions made to Qantas Super.

The concessional contributions that would be reportable to the ATO for 2023/24 would be:

Before-tax contributions
  • Superannuation Guarantee (SG): $11,000
  • Voluntary Salary Sacrifice: $9,000
  • Other concessional contributions: Nil

Total before-tax contributions: = $20,000

Fees and insurance premiums paid by the Qantas Group
  • Administration fee: (0.23% x $100,000) + (0.01% x $120,000) = $242


  • Insurance premiums: ($1.66 x $200,000÷1,000) = $332

Total fees and insurance premiums paid by the Qantas Group: $574

Total concessional contributions for the year = $20,574

Note that TPD and income protection premium rates in this calculation refer to the rates that applied from 1 January 2024. You can check your most recent details by logging into your account online.

If you would like to review the premium rates that applied from 1 July 2023 – 31 December 2023, you can find them here.

Was this helpful?

Other info you might be interested in

What is insurance through super?

Life can be unpredictable so it’s important you have a backup plan. Luckily some of your plan can be taken care of through your super.

Tax on super

To help you save for your retirement, the Federal Government provides a range of tax concessions

Your investment options

It’s important to make sure your money is invested to match your needs and lifestyle goals. Learn all about your investment options at Qantas Super.

What's the point of Super Advice?

Whether you’re just starting out in your career, you’re winding down at work, or you’ve already set out on your retirement adventures, there’s never a bad time to seek advice.

We're here to help

If you want to learn more or need help with making a decision about your super, you can get simple advice over the phone or face to face. It’s included as a part of your membership so there’s no extra cost.

Got a question?