Personal Super Contributions – Tax Deduction

10th March 2017 |

Changes to your Personal Superannuation Contribution.

Previously, there were restrictions on individuals claiming a tax deduction for their own personal superannuation contributions. The major one was known as the 10% maximum earnings test.

From 1 July 2017, this test has been removed. This means most people under 75 years old will be able to claim a tax deduction for personal super contributions (including those aged 65 to 74 who meet the work test).