I want to make a one-off contribution from a personal injury lump sum settlement to my super

This thread is archived and the information may not be up-to-date. You can't reply to this thread.

(Newbie)Newbie

11 Apr 2022

I have received a large sum of money from a personal injury claim. I want to deposit it to my super as a one-off contribution. I am fully retired. Can I do this?

0 likes

778 views

1 replies

778 views

1 replies

Most helpful response

Most helpful reply

Bruce4Tax

(Taxicorn)Taxicorn

12 Apr 2022

There are conditions, so you need to check with the super fund - or get expert advice from someone holding an AFSL.

https://www.ato.gov.au/Individuals/People-with-disability/Superannuation-for-people-with-a-disability/Personal-injury-payments-and-super-contribution-caps-for-people-with-a-disability/

All replies

Most helpful reply

Bruce4Tax

(Taxicorn)Taxicorn

12 Apr 2022

There are conditions, so you need to check with the super fund - or get expert advice from someone holding an AFSL.

https://www.ato.gov.au/Individuals/People-with-disability/Superannuation-for-people-with-a-disability/Personal-injury-payments-and-super-contribution-caps-for-people-with-a-disability/

0 likes

I want to make a one-off contribution from a personal injury lump sum settlement to my super

Most helpful response

All replies

Featured articles

What you need to know about early release of super

How do I transfer super into my spouse's super fund?

Claiming your departing Australia superannuation payment (DASP) online

Top liked users

Top contributors

Explore tax & super topicsExplore tax & super topics

About usAbout us