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manjular(Newbie)Newbie
6 Sept 2024

I have contributed $22,000 as personal super contribution in 2023 financial year. Unfortunately i was not able to submit NOI and get Acknowledgment letter for this amount before due date. Is it possible to claim this amount in 2024 income tax return after submitting NOI in 2024 financial year. please explain.

170 views
3 replies
170 views
3 replies

Most helpful response

Most helpful reply

Bruce4Tax(Taxicorn)Taxicorn
6 Sept 2024

The NoI needs to be accepted by the super fund before the earlier of:


  1. Date 2023 tax return lodged, or
  2. 30/06/2024.

The super fund needs to be holding the contribution in your accum account.


If those conditions are not met, then a tax deduction is not possible.


That means there is no solution.


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Bruce4Tax(Taxicorn)Taxicorn
6 Sept 2024

Not claimable in 2024 because contribution was made before 01/07/2023.


manjular(Newbie)Newbie
6 Sept 2024

Thank you for the reply

What kind of solution i can get ? is there a way i can claim this personal super amount as tax deduction ?

Most helpful reply

Bruce4Tax(Taxicorn)Taxicorn
6 Sept 2024

The NoI needs to be accepted by the super fund before the earlier of:


  1. Date 2023 tax return lodged, or
  2. 30/06/2024.

The super fund needs to be holding the contribution in your accum account.


If those conditions are not met, then a tax deduction is not possible.


That means there is no solution.


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