Tax-deductible Super Contributions

Written by Hein Preller , Posted in ATO SMSF, SMSF Rules, SMSF Topics

You can only claim a deduction for contributions that are made from concessional contributions.

Contributions that are made into your SMSF can be categorised into 2 types:

  • Concessional contributions (before-tax contributions) which can include tax-deductible super contributions, where an individual can claim a deduction
  •  Non-concessional contributions (after-tax contributions)

Who can claim tax deductions on super contributions

  • If you are self-employed or you are not employed, you are eligible to claim a tax deduction for your super contributions, which means these contributions will be treated as concessional contributions in the SMSF.
  • For those who are under the age of 18, they can also claim a tax deduction for their contributions to their SMSF, however, this only works when the source of income comes from gainful employment.
  • An employee cannot claim a tax deduction for their contributions into an SMSF. The same tax benefit can be achieved by making a salary sacrifice contribution into an SMSF. After tax money added to the SMSF is regarded non-concessional contributions.

To see what you can contribute into your SMSF, please see our contribution page.





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Hein Preller

Hein is a Director at Superannuation Warehouse, specialising in setting up new SMSF's. Hein's company performs all the annual administration tasks consisting of preparing financial statements, lodging a tax return and arranging the audit.

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