CLAIM A TAX DEDUCTION FOR PERSONAL SUPERANNUATION CONTRIBUTIONS
CLAIM A TAX DEDUCTION FOR PERSONAL SUPERANNUATION CONTRIBUTIONS
If you’ve made an after-tax personal super contribution during the financial year, you may be able to claim a tax deduction. This is super contribution payments that you have made personally on top of the compulsory employer super and not part of your salary sacrifice.
To claim a deduction you first need to submit a Notice of Intent to Claim Form to your Super Fund and receive an acknowledgement form back from them.
What is a Notice of Intent?
It is a form that tells the ATO and your super fund you’d like to claim a tax deduction on your after-tax personal super contributions. This is done during a tax year and can be repeated each financial year.
For example, up to $30,000 of super is taxed at a rate of 15%. If you contributed to your super from your after-tax income, you probably already paid a higher tax rate than that. So you can claim the difference back as a deduction.
To be eligible to claim the difference as a tax deduction, you need to inform the ATO and your super fund of your intention to do so. You do this by submitting a Notice of Intent to Claim.
What needs to happen so you can claim?
Before you can claim a tax deduction on an after-tax personal super contribution, you need to:
- Fill out a Notice of Intent to Claim form which your Super Fund will provide or you use the ATO form below.
- Make sure your Super Fund receives this prior to 30 June 2025
- Enter the correct details when claiming your deduction while doing tax.
- Receive acknowledgement back from your fund. The acknowledgement will either be shared as an email, or a letter.
ATO Form:
.Notice of Intent to Claim or Vary Deduction for Personal Super Contributions