Super contributions tax concessions
Conditions for claiming a tax deduction for personal super contributions
The following primary conditions must be met to be eligible to claim a tax deduction for a personal super contribution:
- the taxpayer makes a personal contribution to a complying super fund or RSA for themselves for the purpose of providing super benefits.
- The contribution is not made to one of the following types of complying super funds:
- a defined benefit interest in a Commonwealth public sector superannuation scheme
- an untaxed super fund and
- a fund prescribed by regulations that prevents members from claiming tax deductions. As at May 2017 no funds or contributions have been regulated for this purpose.
- the taxpayer deducts the contribution for the income year in which the contribution is made
- the taxpayer submits a valid notice to the fund trustee (see Taxpayer's valid notice (290-170 notice) below)
- the fund trustee gives the taxpayer an acknowledgement of receipt of the valid notice
Additional conditions must be met if:
- the contribution is made prior to 1 July 2017 and the taxpayer is an employee (see 10% rule for employees - applies to contributions made prior to 1 July 2017 below)
- the taxpayer is under age 18 (see Age-related conditions below), or
- the contribution is sourced from the sale of an active asset, where the small business CGT concessions apply.
Last modified: Friday, August 25, 2017