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Squall123(Newbie)Newbie
5 June 2023

Hi there,


Thanks in advance for answering my question!


I am hoping to put $30k into my superannuation account this financial year (2022-23) and I was told I could fill out the form "Notice of intent to claim or vary a deduction for personal super contributions" to claim this amount as an income deduction (I have enough carry-forward concessional contribution to still be on 15% tax rate).


To date, I have contributed around $14k to my super fund and I'm not salary sacrificing.


I have a question about item 12 of the form: I don't know exactly how much I should put down as the personal contributions to my fund. Would it be $44k ($30k plus the $14k) or just the $30k I want to contribute as an extra?


Also, still on this issue, should I estimate how much my employer will be contributing until the last day of the financial year or just indicate how much they have contributed up until the day I signed the form? For example, if I have to consider the contributions already made by my employer (the $14k in my example), do I need to estimate how much this sum will be by the 30th of June 2023 and use this figure?


Thank you very much for your help and let me know if there is anything unclear.


Kind regards,

Squall123.

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1,023 views
1 replies

Most helpful response

Most helpful replyATO Certified Response

Bruce4Tax(Taxicorn)Taxicorn
ATO Certified Response5 June 2023

Would it be $44k ($30k plus the $14k) or just the $30k I want to contribute as an extra?


It is the total amount of personal contributions to that fund for 2022-23 that you want to claim a tax deduction for.


the contributions already made by my employer (the $14k in my example)


Then that is not a personal contribution and cannot be claimed on your NoI form.


do I need to estimate how much this sum will be by the 30th of June 2023 and use this figure?


Yes, or better, wait till after 30 June before lodging the NoI form. Then you will know the total employer contributions already applied to your CC cap.


All replies

Most helpful replyATO Certified Response

Bruce4Tax(Taxicorn)Taxicorn
ATO Certified Response5 June 2023

Would it be $44k ($30k plus the $14k) or just the $30k I want to contribute as an extra?


It is the total amount of personal contributions to that fund for 2022-23 that you want to claim a tax deduction for.


the contributions already made by my employer (the $14k in my example)


Then that is not a personal contribution and cannot be claimed on your NoI form.


do I need to estimate how much this sum will be by the 30th of June 2023 and use this figure?


Yes, or better, wait till after 30 June before lodging the NoI form. Then you will know the total employer contributions already applied to your CC cap.


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Q12 of the Notice of intent to claim or vary a deduction for personal super contributions form | ATO Community