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Young486(Newbie)Newbie
14 Aug 2023

Hello,


Looking for some help to understand tax deductions using the First Home Super Saver Scheme. There are two parts to this question that are specific to my situation - any help would be greatly appreciated!


  1. Please see timeline below.
  • Aug 2020 - $15,000 Voluntary contribution
  • Aug 2021 - $15,000 Voluntary contribution
  • Aug 2022 - $15,000 Voluntary contribution
  • Dec 2022 - release FHSS contributions to purchase house


in this situation, can I claim a $15,000 deduction contributed Aug 2022 for a personal super contribution for the 2023 tax return?


It was able to claim a tax deduction in the website for the Super but I am not sure as the contributed amount in the FHSS was released in Dec 2022 already. For 2021 & 2022 tax return, it was ok to claim a tax deduction for the contributions but not sure for the final year for the released amount.


2.Voluntary contributed to A super company but I moved to B super company. what I contributed rolled over from A to B. when I ask the statement to claim a tax deduction for contributions,

A company said: they cannot issue the statement as I am not their member anymore.

B company said: they cannot issue the statement as there were no eligible contributions. Assume that the roll-over amount from A company was not showing it included personal contribution.


Please advise which company is in charge of issuing the Acknowledgement statement. I'd like to stop this ping-pong game.


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3 replies
679 views
3 replies

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Most helpful reply

CaroATO(Community Support)Community Support
18 Aug 2023

Hi @Young486,


When we look at your funds, the closed fund isn't able accept your notice of intent, (NOI) because as we know it's closed. The new fund doesn't understand you were rolling over personal contributions. And this is where the game begins.


For the NOI to be valid, you need to be a current member of the fund, you've closed your original fund. Because your new fund doesn't recognise your personal contributions, you don't meet the eligibility criteria.


It's not a fun game.

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Most helpful reply

CaroATO(Community Support)Community Support
18 Aug 2023

Hi @Young486,


When we look at your funds, the closed fund isn't able accept your notice of intent, (NOI) because as we know it's closed. The new fund doesn't understand you were rolling over personal contributions. And this is where the game begins.


For the NOI to be valid, you need to be a current member of the fund, you've closed your original fund. Because your new fund doesn't recognise your personal contributions, you don't meet the eligibility criteria.


It's not a fun game.

Young486(Newbie)Newbie
10 Sept 2023

Thank you for your answer for Query No.2.

How about Query No.1?

can I claim a $15,000 deduction contributed Aug 2022 for a personal super contribution for the 2023 tax return?


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