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Steven_E_L(Newbie)Newbie
22 Jan 2025

I'm 59 years old, soon to turn 60 (preservation age). Can I make a concessional contribution, switch the whole fund to pension mode and claim a tax deduction for the contribution all in the same financial year?

This page ato.gov.au/print/section/070cfb0b-0299-47a3-a81c-c222280ebe90 says that "A notice of intent [to claim a deduction] is only valid if:

  • you are still a member of that super fund
  • the trustee still holds the contribution
  • the trustee has not begun to pay a superannuation income stream based in whole or in part on the contribution

I wouldn't be changing fund, but it seems that turning the full account to pension mode invalidates the Notice of Intent and therefore I wouldn't be able to claim a deduction. Am I correct?

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Kiki1999(Initiate)Initiate
22 Jan 2025

Hi Steven,

You are correct, moving to pension phase changes the type of fund you are in and therefore is seen as "changing funds"

You would need to claim the tax deduction before moving to pension phase.

The steps would be:

  1. Make the contribution
  2. Submit the Notice of Intent to Claim to your Super Fund
  3. Notice of Intent is approved/acknowledged by your Super Fund
  4. Move to pension phase

You do not have to wait until the next financial year to move, but you do need to make sure your fund has record of your Notice of Intent before you move

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Bruce4Tax(Taxicorn)Taxicorn
22 Jan 2025

I wouldn't be changing fund, but it seems that turning the full account to pension mode invalidates the Notice of Intent and therefore I wouldn't be able to claim a deduction. Am I correct?


You need to have the super fund accept the NoI before the switch to pension mode.


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Most helpful reply

Kiki1999(Initiate)Initiate
22 Jan 2025

Hi Steven,

You are correct, moving to pension phase changes the type of fund you are in and therefore is seen as "changing funds"

You would need to claim the tax deduction before moving to pension phase.

The steps would be:

  1. Make the contribution
  2. Submit the Notice of Intent to Claim to your Super Fund
  3. Notice of Intent is approved/acknowledged by your Super Fund
  4. Move to pension phase

You do not have to wait until the next financial year to move, but you do need to make sure your fund has record of your Notice of Intent before you move

Liked by MLazz and Steven_E_L
MLazz(I'm new)I'm new
29 June 2025

Thank you for the helpful question and replies.


Does apply if I move only part of my super from Accumulation Account to the pension phase or all of my super? Thank you

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