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MaCol(Newbie)Newbie
31 July 2024

I have a term deposit that will mature shortly. I want to put it into my super. If I do will I have to pay tax on it ? I work part time.

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1,215 views
1 replies

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Bruce4Tax(Taxicorn)Taxicorn
31 July 2024

Your interest is your taxable income.


You may be able to claim a deduction for super contributions, depending on your age and circumstances.


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Most helpful reply

Bruce4Tax(Taxicorn)Taxicorn
31 July 2024

Your interest is your taxable income.


You may be able to claim a deduction for super contributions, depending on your age and circumstances.


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can i put interest earned from term deposit into my super | ATO Community