Claiming deductions for personal super contributions

Claiming deductions for personal super contributions

Claiming deductions for personal super contributions

You can’t claim a deduction for superannuation contributions paid by your employer directly to your super fund from your before-tax income such as:

the compulsory super guarantee
Salary sacrificing super amounts
Reportable employer super contributions.

You may be able to claim a tax deduction for personal super contributions that you made to your super fund from your after-tax income, for example, from your bank account directly to your super fund. Before you can claim a deduction for your personal super contributions, you must give your super fund a Notice of intent to claim or vary a deduction for personal contributions form (NAT 71121) and receive an acknowledgement from your fund. There are other eligibility criteria that you must meet.

People eligible to claim a deduction for personal contributions include people who get their income from:

salary and wages
a personal business (for example, people who are self-employed contractors, or freelancers)
investments (including interest, dividends, rent and capital gains)
government pensions or allowances
super
partnership or trust distributions
a foreign source.

The personal super contributions that you claim as a deduction will count towards your concessional contributions cap. When deciding whether to claim a deduction for super contributions, you should consider the super impacts that may arise from this, including whether:

you will exceed your contribution caps
Division 293 tax applies to you
you wish to split your contributions with your spouse
it will affect your super co-contribution eligibility.

If you exceed your cap, you will have to pay extra tax and any excess concessional contributions will count towards your non-concessional contributions cap.

For more information, see Super contributions – too much can mean extra tax.

Find out about

Eligibility to claim a deduction
How to make a claim
What you can’t claim
How to vary your notice
Splitting amounts to your spouse
The effects of claiming a deduction

Australian Taxation Office
(ATO)