Personal Super Contribution

December 7, 2022

Kayla Hawker

What is a personal super contribution?

Personal superannuation contributions are the amounts you contribute to your superannuation fund from your personal funds.​

​These contributions:​

• Are in addition to any compulsory superannuation contributions your employer makes on your behalf​
• Do not include superannuation contributions made through a salary-sacrifice arrangement. 

Personal superannuation contributions are generally treated as non-concessional and will count towards your non-concessional contribution cap unless you intend to claim a tax deduction for them.

How to make a personal super contribution and claim a tax deduction

Making a tax-deductible contribution to your fund is straight forward. You can do it as a payment from your everyday bank account. Check you have the right details for your fund and allow plenty of time before 30 June for the money to reach your superannuation account to be processed, ideally at least 1-2 weeks.

Another easy option is to speak with your employer and ask them to do it for you. Similar to a salary sacrifice arrangement (where an employer pays an extra amount of your pre-tax income to your superannuation account), many employers will do the same with post-tax income.

The important thing to remember; the contribution must be post-tax if you want to claim them as a personal deduction on your return.

How does tax deductible super work on your return

There are two important steps to claim a personal superannuation contribution on your tax return.

• Understand your contribution limits to superannuation and what your maximum Concessional Contribution cap for the year is (2022-23 $27,500).
• Get in touch with your superannuation fund and tell them you want to claim a deduction for your personal superannuation contributions by providing a Notice of Intent to Claim. This can be done after 30 June, but must be completed before lodging the tax return for that year, and
• Make sure you receive an acknowledgement of your intent to claim from your superannuation fund before you lodge your tax return.

Once you have the acknowledgement from them you can lodge your tax return.