Personal tax deductible contributions
Slice off some of your income tax
Claim a tax deduction on personal contributions¹
If you wish to claim a tax deduction for personal contributions, you must satisfy the following conditions:
- You meet the age-related conditions (see below);
- You made personal contributions to WA Super via BPay or from your salary after tax;
- You’ve advised us of the amount you intend to claim as a deduction using the approved ATO form, which is available here and
- We’ve acknowledged your notice of intent and agreed to the amount you intend to claim as a deduction
You must meet all these conditions before you do your tax return.
Any personal contributions for which you notify the Trustee of your intention to claim as an income tax deduction are treated as concessional contributions. There is a limit or cap on the amount of the concessional contributions you can make each financial year.
|Financial Year||Your age||Your concessional contribution cap|
|2017-2018 onwards||Any age||$25,000|
The types of concessional contributions which are included in the annual contribution limits are:
- Compulsory super guarantee (SG) made by your employer;
- Salary sacrifice contributions (if you choose);
- Employer matching contributions (if applicable); and
- Any personal contributions for which you notify the Trustee of your intention to claim as an income tax deduction.
If you go over the cap, you may have to pay extra tax.
Catch-up concessional contributions
Catch-up (or carry-forward) concessional contributions allow an individual to carry forward unused concessional cap amounts.
If you’ve not made before-tax contributions up to the annual limits in recent years, then you can – if eligible – catch-up by making additional contributions from 1 July 2018:
- You can make 'carry-forward' concessional super contributions if you have a total superannuation balance of less than $500,000.
- If you’re aged between 65 and 74, and you meet the Work Test*, then you’ll be able to make carry-forward contributions.
- The first year in which you can catch up is the 2019/2020 financial year.
- You’ll be able to access any unused concessional contributions cap space on a rolling basis for five years.
- Amounts carried forward that have not been used after five years will expire.
*The work test requires individuals to work 40 hours or more during a consecutive 30-day period in the financial year.
Age Related Conditions
If you’re aged 75 or older, you can only claim a deduction for contributions you made before the 28th day of the month following the month in which you turned 75.
If you’re under 18 at the end of the income year in which you made the contribution, you can only claim a deduction for your personal super contributions if you also earned income as an employee or a business operator during the year.
Find out more
- Visit Contribution Limits to learn more
- Watch Superannuation Contributions educational module to learn more.
- Visit the ATO website.
¹eligibility criteria apply