If you have made a voluntary after-tax (non-concessional) contribution to your Australian superannuation fund, you may be able to claim it as a tax deduction and turn it into a concessional (tax-deductible) contribution. Follow these steps:

Make a Personal Contribution:
- Deposit your after-tax funds into your superannuation account.
- Ensure you are eligible to contribute to super (e.g., under the contribution age limit).
Submit a ‘Notice of Intent to Claim or Vary a Deduction for Personal Super Contributions’:
- You must submit this form before lodging your tax return for the relevant financial year or by the end of the following financial year, whichever comes first.
- The form can be found on the ATO website (NAT 71121).
- Some super funds provide this form as a downloadable document or offer an option to complete it via their member portal.
- Check with your super fund, as some funds may even complete it on your behalf if you request it through their online platform.
Receive Acknowledgment from Your Super Fund:
- Your super fund must acknowledge receipt of your notice before you claim the deduction.
- Ensure you get written confirmation before submitting your tax return.
Claim the Tax Deduction:
- Include the deduction amount in your tax return.
- This will reduce your taxable income for the year.

Understanding Concessional Contribution Caps

Concessional contributions are capped at $30,000 per financial year (as of 2024-25). If you exceed this cap, additional tax may apply.

Carry-Forward Unused Concessional Contributions

If your total super balance is below $500,000, you may be able to carry forward unused concessional contributions from the previous five years to increase your cap.

Further Information

For more details, visit the ATO’s personal super contributions page.

Personal Contribution and PAYG Tax Reduction Calculator

FY 2024/2025

Annual Income:

Other Income:

Capital Gain: ATO Info Enter a negative for a capital loss for the year

Expected Deductions: ATO Info

Concessional Contribution

Employer Contributions: ATO Info

Eligible for carry forward concessional contributions? ATO Info

No Yes

Financial Year Cap Remainder:

Personal Contribution (NOI):

Disclaimer

This calculator is provided for informational purposes only and should not be relied upon as financial, tax, or legal advice. While every effort has been made to ensure the accuracy of the calculations, errors or omissions may occur. The results are based on general tax rates and contribution limits and do not take into account all potential taxes, levies, or individual circumstances.

This calculator does not include additional taxes such as the Medicare Levy, Division 293 Tax, or other applicable surcharges or offsets that may affect your final tax obligations. Superannuation rules and tax laws may change, and individual financial situations vary.

You should consult a qualified tax professional, financial adviser, or the Australian Taxation Office (ATO) to confirm how tax laws apply to your specific situation. By using this tool, you acknowledge that the results are estimates only, and the creator(s) of this calculator accept no liability for any errors, omissions, or reliance on the provided calculations.

For official guidance, visit the ATO website.

Tax Position Overview

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