Claiming personal super contributions deductions

Claiming personal super contributions deductions


More taxpayers can now claim a personal super contributions deductions this tax time due to the removal of the 10 per cent maximum earnings condition that came into effect from 1 July 2017.

Eligible individuals include those who earn their income from:
– Salary and wages
– A personal business (self-employment)
– Investments such as interest, dividends, rent and capital gains
– Government pensions or allowances
– Super
– Partnership or trust distributions
– A foreign source

Those who wish to claim a deduction need to:
– Make personal after-tax super contributions directly to their super fund before 30 June 2018, if they have not already contributed this financial year
– Provide their fund with a ‘notice of intent to claim or vary a deduction for personal super contributions’
– Obtain acknowledgement from their fund of their notice of intent before their 2018 tax return can be lodged.

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If you believe the matters discussed above are relevant to your business, please contact Darren Smith of our office to discuss further.


Darren is a Chartered Accountant with extensive experience, including working in the big 4 and medium sized firms before becoming a partner of a city based firm in 2000.

He has gained much experience and has extensive knowledge in providing business and taxation advice, superannuation planning, negotiation of sales and acquisitions of businesses and property development. His client base covers a wide range of industry groups.

Darren works with business owners to grow their businesses and create personal wealth within and outside of their business.


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