Tax Tips for 2019

28 May 2019

Tax deductions now allowable for personal super contributions

Did you know that individuals are able to claim a deduction for personal superannuation contributions, commencing for the year ended 30 June 2018? It’s worth considering this before making additional contributions to your superannuation.

Contributions are made from after-tax income, out of your personal account, and a deduction is claimed in your tax return.

In order to claim a tax deduction for the financial year, the ATO requires certain eligibility requirements to be met, including:

You cannot claim a deduction for superannuation contributions paid by your employer directly to your super fund under Super Guarantee contribution rules.

However, you may be able to increase the contributions by:

The personal super contributions that you claim as a deduction will count towards your concessional contributions cap ($25,000).

When deciding whether to claim a deduction for super contributions, you should consider the super impacts that may arise from this, including whether:

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.

Still have questions? Feel free to contact Jemma Dingle at our member North Financial Advisors at

Author Bio

Jemma Dingle is a Financial Advisor at North Financial Advisors Pty Ltd.