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PhilJH(Newbie)Newbie
29 Oct 2025

I’m over 60 and retired. My primary income source is an income account from an industry super fund. I maintain an accumulation account in the same fund. I also have a share portfolio. I’d like to sell the bulk of my share portfolio and transfer the proceeds into my super fund income account (via the accumulation fund).

 

Noting the annual concessional and non-concessional contribution caps and the tax-free status of my super fund income (i.e. my only tax liability is associated with share trading capital gains), should I transfer the share sale proceeds into my super accumulation fund in the same year they were realised (i.e. before CGT is paid) or do I need to wait until I’ve paid the tax (in the following year)?

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3 replies
125 views
3 replies

Most helpful response

Most helpful reply

NikkiATO(Community Moderator)Community Moderator
3 Nov 2025

Hi @PhilJH,

 

Our article on working out your super contributions goes through all of this in more detail. To give you an overview though:

 

You can transfer the share sale proceeds into your super accumulation fund in the same year you realise the capital gains. There's no requirement to wait until after you've paid the CGT.

 

Since you're using after-tax money from your share sales, these will be non-concessional contributions. For 2025-26, you can contribute up to $120,000 per year, or potentially $360,000 using the bring-forward arrangement.

 

Capital gains tax isn't a separate tax - it's just added to your total taxable income and taxed at your usual income tax rate. Making super contributions won't reduce your capital gains tax liability.

All replies

Most helpful reply

NikkiATO(Community Moderator)Community Moderator
3 Nov 2025

Hi @PhilJH,

 

Our article on working out your super contributions goes through all of this in more detail. To give you an overview though:

 

You can transfer the share sale proceeds into your super accumulation fund in the same year you realise the capital gains. There's no requirement to wait until after you've paid the CGT.

 

Since you're using after-tax money from your share sales, these will be non-concessional contributions. For 2025-26, you can contribute up to $120,000 per year, or potentially $360,000 using the bring-forward arrangement.

 

Capital gains tax isn't a separate tax - it's just added to your total taxable income and taxed at your usual income tax rate. Making super contributions won't reduce your capital gains tax liability.

Liked by PhilJH
PhilJH(Newbie)Newbie
10 Nov 2025

Thanks Nikki. Can I claim a tax deduction for my super contribution? If yes, do I claim the concessional or non-concessional amount? For example, if the total contribution was $100,000 would I claim $30,000 or $70,000 or $100,000?

NikkiATO(Community Moderator)Community Moderator
11 Nov 2025

Hi @PhilJH,


You can claim a tax deduction for personal super contributions, but only for the amount you designate as concessional contributions.

In your $100,000 example, you'd claim the $30,000 concessional portion as a tax deduction - not the $70,000 non-concessional amount or the full $100,000.

Here's how it works:

  • concessional contributions (up to $30,000 annually) - you can claim these as a tax deduction and they're taxed at 15% in your super fund
  • non-concessional contributions (up to $120,000 annually) - these are from your after-tax income and you can't claim a deduction for them.

To claim the deduction, you must lodge a notice of intent to claim with your super fund before lodging your tax return. Your fund needs to acknowledge this notice before you can claim the deduction.

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