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Taxduck(Taxicorn)Taxicorn
1 May 2026

Claiming personal super contributions as a tax deduction is an effective way of reducing your taxable income. The lower your taxable income the less tax you pay.

If you are younger than 67 years of age then you would be eligible. See how below

Personal super contributions | Australian Taxation Office

Also consider using unused concessional caps from earlier years to increase your deduction above the $30,000 cap. Information in link

Concessional contributions cap | Australian Taxation Office

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Rockin(I'm new)I'm new
4 May 2026

if you are over 60 yrs of age and your superannuation balance is over 500k can you take a lump sum to reduce your overall balance below 500k before the end of financial year, so that the catch up rule for unused concessional super could be used to minimize the capital gains on a sale of an investment property?. I have read elsewhere that the ATO may see this as tax avoidance.

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RE: Can I claim deduction on CGT using concessional superannuation contribution | ATO Community