Business Services

Personal Deductible Contributions

Personal deductible contributions are the contributions that you make into your own super. This then allows you to claim a tax deduction in your tax return.

Personal contributions can be made throughout the financial year at any time. If you are self-employed this is a good alternative to salary sacrifice.

You can make these contributions into your super in a lump sum payment of make regular payments into your bank account or employer.

How can you claim these as a deduction?

After you have made an after-tax contribution into your super account, you can claim your tax deduction before you lodge your tax return at the end of the following financial year.

Know your limits.

It is vital to review all of the super contributions that you make before you start making additional contributions. This will ensure that you stay within the caps and are not charged additional interest and tax.

How much is the cap?

The contributions fall under the before-tax (concessional) contributions cap if you claim them in your tax return. They fall under the after-tax (non-concessional) contributions cap if you do not.

In the 2018/19 financial year, you can add up to $25,000 in before-tax contributions to your super account at the tax rate of 15%.

Your contributions are generally taxed at an effective rate of 30% if your adjusted income exceeds $250,000 per year.


You have until before you lodge your tax return and the end of the following financial year to claim your tax deduction.

For more information about personal deductible contributions contact Power2 today.

Information provided is general advice only and does not take into account your personal objectives, financial situation or needs.  Before acting on this information you should consider the appropriateness of the information having regard for your own circumstances, personal objectives, financial situation and needs.  When deciding whether to acquire or continue to hold a financial product(s), you should first obtain and consider the Product Disclosure Statement(s), Information Statement(s) and/or other relevant product documentation relating to that product(s).