You may be able to claim a deduction for personal superannuation contributions that you made to your superannuation fund or RSA provider from your after-tax income, for example, from your bank account directly to your superannuation fund.
You cannot claim a deduction for superannuation contributions paid by your employer directly to your superannuation fund or RSA provider from your before-tax income such as:
- the compulsory superannuation guarantee
- salary sacrifice amounts
- reportable employer superannuation contributions shown on your annual payment summary.
Before you can claim a deduction for your personal after-tax superannuation contributions, you must have:
- given your superannuation fund or RSA provider a Notice of intent to claim or vary a deduction for personal super contributions, and
- received an acknowledgement from your superannuation fund or RSA provider.
There are other eligibility criteria that you must meet – continue reading.
Are you eligible to claim a deduction?
You may be able to claim a deduction for personal contributions you made to a complying superannuation fund or RSA in 2018–19 if:
- you satisfied the age-related conditions
- you gave a valid notice of intent to your superannuation fund or RSA provider, in the approved form, and advised them of the amount you intend to claim as a deduction (you must give this notice on or before the day you lodge your 2019 tax return or 30 June 2020, whichever is earlier)
- your superannuation fund or RSA provider acknowledged your valid notice
- your superannuation fund was not a
- Commonwealth public sector superannuation scheme with a defined benefit interest
- constitutionally protected fund or other untaxed fund that would not include the contributions in their assessable income
- superannuation fund that notified the Commissioner before the start of the income year that they elected to treat all member contributions to the
- superannuation fund as non-deductible
- defined benefit interest within the superannuation fund as non-deductible.