Personal deductible contributions

Personal deductible contributions – a present at tax time
Personal deductible contributions – a present at tax time

These are contributions you make into your own super which you can claim a tax deduction in your tax return. Personal contributions can be made any time in the financial year. This is an alternative to salary sacrifice for some, especially if you're self-employed.

You can make these contributions as a one-off, lump sum to your super account, or make regular payments from your bank account or employer. You can make these contributions via BPAY, direct debit, cheque or money order.
These are contributions you make into your own super which you can claim a tax deduction in your tax return. Personal contributions can be made any time in the financial year. This is an alternative to salary sacrifice for some, especially if you're self-employed.

You can make these contributions as a one-off, lump sum to your super account, or make regular payments from your bank account or employer. You can make these contributions via BPAY, direct debit, cheque or money order.

Need some help?
Need some help?

We want you to have a great retirement, and we’re here to help you achieve that. If you’ve got any queries, or if you’d prefer to chat to us over the phone – give us a call on 1300 366 216.
We want you to have a great retirement, and we’re here to help you achieve that. If you’ve got any queries, or if you’d prefer to chat to us over the phone – give us a call on 1300 366 216.
  • How can you claim these as a deduction?
    How can you claim these as a deduction?

    After you've made an after-tax contribution into your VicSuper account, you have until before you lodge you tax return and the end of the following financial year to claim your tax deduction. You have to let us know you intend to claim a deduction in your tax return by completing the Notice of intent to claim or vary a deduction for personal super contributions form before lodging your tax return.

    You'll then get a letter back from us which you'll need to use to claim your deduction in your tax return.

    How are they taxed? If you notify us of your intent to claim a tax deduction, they are treated as a before-tax contribution, so a 15% contribution tax applies.
    After you've made an after-tax contribution into your VicSuper account, you have until before you lodge you tax return and the end of the following financial year to claim your tax deduction. You have to let us know you intend to claim a deduction in your tax return by completing the Notice of intent to claim or vary a deduction for personal super contributions form before lodging your tax return.

    You'll then get a letter back from us which you'll need to use to claim your deduction in your tax return.

    How are they taxed? If you notify us of your intent to claim a tax deduction, they are treated as a before-tax contribution, so a 15% contribution tax applies.

Make a personal deductible contribution today

  • Know your limits
    Know your limits

    Before you start making additional contributions, it's vital to review all of the super contributions you make to ensure you stay within the caps and aren't charged additional interest and tax.

    How much is the cap?
    These contributions fall under the before-tax (concessional) contributions cap. But only if you claim them in your tax return. If you don’t, they fall under the after-tax (non-concessional) contributions cap. In the 2017/18 financial year, you can add up to $25,000 in before-tax contributions to your super account – all at the low tax rate of 15% . If your adjusted income exceeds $250,000 per year, your contributions are generally taxed at an effective rate of 30%.

    You can find out more about contribution caps in our Member Guide.
    Before you start making additional contributions, it's vital to review all of the super contributions you make to ensure you stay within the caps and aren't charged additional interest and tax.

    How much is the cap?
    These contributions fall under the before-tax (concessional) contributions cap. But only if you claim them in your tax return. If you don’t, they fall under the after-tax (non-concessional) contributions cap. In the 2017/18 financial year, you can add up to $25,000 in before-tax contributions to your super account – all at the low tax rate of 15% . If your adjusted income exceeds $250,000 per year, your contributions are generally taxed at an effective rate of 30%.

    You can find out more about contribution caps in our Member Guide.
  • Make a contribution
    Make a contribution

    There are lots of ways to make a personal deductible contribution to your VicSuper account. However, we need to know you intend to claim a deduction for these contributions therefore you must complete a Notice of intent to claim or vary a deduction for personal super contribution form.

    Remember - you have until before you lodge you tax return and the end of the following financial year to claim your tax deduction.
    There are lots of ways to make a personal deductible contribution to your VicSuper account. However, we need to know you intend to claim a deduction for these contributions therefore you must complete a Notice of intent to claim or vary a deduction for personal super contribution form.

    Remember - you have until before you lodge you tax return and the end of the following financial year to claim your tax deduction.