Can I debt recycle into my super?

(Newbie)Newbie

21 May 2025

For example I am under the concessional limits for annual super contributions. I have a redraw on my mortgage. If I withdraw from my redraw and deposit into my super account, can I deduct interest for that amount off my tax return? I.e. can I debt recycle into my super?

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JayATO

(Community Support)Community Support

22 May 2025

Hiya @hqhh

You can't claim a deduction for the interest. You can claim deductions for interest on amounts of borrowed money used to buy shares or other investments that return dividends or other assessable income.

You may be able to claim a deduction for the super contribution.

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