Yes, you can put money into your super after age 75, but only through specific, limited methods. Generally, voluntary contributions are not allowed after 28 days from the end of the month you turn 75. However, you can still make downsizer contributions if you are eligible.
You can make personal contributions for up to 28 days after the end of the month that you turn 75, but after that you can only make 'downsizer contributions'. See Downsizing to get ahead for more information on downsizer contributions.
When can you no longer contribute to super? You can no longer make voluntary contributions to super once you reach the age of 75, except in some cases, like for making downsizer contributions or receiving compulsory employer contributions.
Can an individual pay into a pension if they're over age 75? A. Contributions can be made post age 75 (if the provider accepts them). In this situation, any personal contributions are not relievable pension contributions and cannot qualify for tax relief.
Maximum age of adding contributions to super
You can make regular or one-off contributions to super up to 75 years of age, whether you are working or not. There are caps on the amounts you can contribute though. 28 days after you turn 75, a super fund can only accept Downsizer Contributions.
BCE 5A: test at 75 for drawdown pension
The second test where a member with a drawdown pension fund reached age 75. The crystallised value was the market value of the member's drawdown fund at 75 less the amount originally moved into income drawdown at the outset (i.e. after the payment of any tax-free cash).
The “age 75 rule” refers to a common misconception that retirees must wait until age 75 to purchase an annuity. While it's true that those with a shorter life expectancy will likely receive larger payouts, you do not have to wait until age 75 to buy an annuity. There is no “right age” to purchase an annuity.
Taxes aren't determined by age, so you will never age out of paying taxes. People who are 65 or older at the end of 2025 have to file a return for that tax year (which is due in 2026) if their gross income is $16,550 or higher. If you're married filing jointly and both 65 or older, that amount is $32,300.
Tax relief on what you pay in
But pension rules still say tax relief must stop once you turn 75, so in practice most pension schemes just don't accept new personal contributions after this. If you're still working past your 75th birthday, your employer can in theory still pay into your pension.
You can add money to your super as a once-off payment or as regular payments. But there's a limit, called a contribution cap.
The maximum you can contribute is $300,000 or the sale price of your home, whichever is less. You may make more than one contribution, but the total must not exceed this maximum.
Because people aged 67 to 74 are no longer required to meet a work test, they are tipping extra money into superannuation like never before.
In the organisation's super balance update, it found 2.5 per cent of the population have a super account of more than $1 million, as of June 2021. This represents 417,567 individuals, ASFA said, and is a 29 per cent increase from the 322,200 individuals who held over $1 million in June 2019.
The new senior tax deduction of up to $6,000 for single filers and $12,000 for joint filers, was created to help cover taxes on Social Security benefits. Taking the new senior deduction helps to reduce your taxable income, which can mean less tax or potentially an even bigger tax refund when you file your return.
However, if tax-free cash is deferred beyond age 75 but the individual dies before it's taken, the tax-free element is lost, and any income or lump sums paid to the beneficiaries would be subject to their marginal rate of income tax.
You may inherit part of or all of your partner's extra State Pension or lump sum if: they died while they were deferring their State Pension (before claiming) or they had started claiming it after deferring. they reached State Pension age before 6 April 2016. you were married or in the civil partnership when they died.
Assets Test
A single homeowner can have up to $714,500 of assessable assets and receive a part pension – for a single non-homeowner the higher threshold is $972,500.
While 75 is often considered the start of the "middle-old" stage and is seen as elderly by many societal standards (like Medicare eligibility at 65), whether someone feels old at 75 depends heavily on their health, lifestyle, and mindset, with many active 75-year-olds feeling vibrant and independent, while others may face age-related health challenges.