Self-employed contributions

If you’re self-employed or a sole trader any contributions you make into super may be tax deductible

If you’re self-employed it’s not compulsory for you to make contributions into super, but there are some significant advantages if you do.

  1. Tax benefits
    Any contributions you make into super as a self-employed person may be tax deductible.
  2. Government super payments
    • If you claim a tax deduction for your personal contribution, you may be eligible for a low-income super contribution on the amount that you claim.
    • If you don’t claim a tax deduction, you may be eligible to receive up to $500 as a Government co-contribution

Can I claim a tax deduction?

You’re probably eligible for a tax deduction if you can answer ‘yes’ to all of the following.

  • Self-employed (eg sole trader or partner in a partnership)
  • Made a personal contribution into super (Age restrictions apply)

Note: You are not considered self-employed if your business is operated through another entity (eg a limited company or a trust).

For further details on eligibility, refer to the ATO website.


Making contributions

VS Compare Direct debit

Use direct debit to set up regular automatic contributions into your VicSuper account or to make a one-off contribution.

Download a Personal deductible contributions via direct debit form, and send your completed form to

VicSuper,
GPO Box 89,
Melbourne VIC 3001.

Icon for BPAY Online via BPAY®

Transfer money directly from your bank account to your VicSuper account using BPAY®.

To get the BPAY® Biller Code and your unique reference number to use for your internet or phone banking, login to your account, or call us on 1300 366 216.

Not registered for VicSuper MembersOnline? Register now.

Icon for cheque Cheque or Money Order

Download a Make a personal deductible contribution directly to VicSuper (including self-employed contributions) form, and send your completed form along with your cheque or money order to

VicSuper,
GPO Box 89,
Melbourne VIC 3001.

Icon for cash Cash contributions

You need to bring a completed Make a personal deductible contribution directly to VicSuper (including self-employed contributions) form to one of our advice centres.

We will then provide you with a Westpac deposit slip and a reference number. You will need to take these with your cash contribution to a Westpac branch within the same day.


Claiming your tax deduction

To claim a deduction you must complete a ‘Notice of intent to claim or vary a deduction for personal super contributions’ form. 

We must receive your completed form by the earlier of:

  • the date you submit your tax return, or,
  • the end of the financial year following the financial year in which the contribution was made.

We’ll then send you an acknowledgement letter which you will need to claim your tax deduction.

Refer to the Member Guide for details on how closing your VicSuper account may affect your tax deduction.



If you’re self-employed or a sole trader any contributions you make into super may be tax deductible

If you’re self-employed it’s not compulsory for you to make contributions into super, but there are some significant advantages if you do.

  1. Tax benefits
    Any contributions you make into super as a self-employed person may be tax deductible.
  2. Government super payments
    • If you claim a tax deduction for your personal contribution, you may be eligible for a low-income super contribution on the amount that you claim.
    • If you don’t claim a tax deduction, you may be eligible to receive up to $500 as a Government co-contribution

Can I claim a tax deduction?

You’re probably eligible for a tax deduction if you can answer ‘yes’ to all of the following.

  • Self-employed (eg sole trader or partner in a partnership)
  • Made a personal contribution into super (Age restrictions apply)

Note: You are not considered self-employed if your business is operated through another entity (eg a limited company or a trust).

For further details on eligibility, refer to the ATO website.


Making contributions

VS Compare Direct debit

Use direct debit to set up regular automatic contributions into your VicSuper account or to make a one-off contribution.

Download a Personal deductible contributions via direct debit form, and send your completed form to

VicSuper,
GPO Box 89,
Melbourne VIC 3001.

Icon for BPAY Online via BPAY®

Transfer money directly from your bank account to your VicSuper account using BPAY®.

To get the BPAY® Biller Code and your unique reference number to use for your internet or phone banking, login to your account, or call us on 1300 366 216.

Not registered for VicSuper MembersOnline? Register now.

Icon for cheque Cheque or Money Order

Download a Make a personal deductible contribution directly to VicSuper (including self-employed contributions) form, and send your completed form along with your cheque or money order to

VicSuper,
GPO Box 89,
Melbourne VIC 3001.

Icon for cash Cash contributions

You need to bring a completed Make a personal deductible contribution directly to VicSuper (including self-employed contributions) form to one of our advice centres.

We will then provide you with a Westpac deposit slip and a reference number. You will need to take these with your cash contribution to a Westpac branch within the same day.


Claiming your tax deduction

To claim a deduction you must complete a ‘Notice of intent to claim or vary a deduction for personal super contributions’ form. 

We must receive your completed form by the earlier of:

  • the date you submit your tax return, or,
  • the end of the financial year following the financial year in which the contribution was made.

We’ll then send you an acknowledgement letter which you will need to claim your tax deduction.

Refer to the Member Guide for details on how closing your VicSuper account may affect your tax deduction.