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Who can claim a deduction
You can't claim a deduction for superannuation contributions paid by your employer directly to your super fund from your before-tax income, such as:
the compulsory super guarantee
salary sacrificing super amounts
reportable employer super contributions.
You may be able to claim a tax deduction for personal super contributions that you made to your super fund from your after-tax income – for example, from your bank account directly to your super fund.
You can't claim deductions for:
a rolled over super benefit
a benefit transferred from a foreign super fund
a directed termination payment paid into a super plan by an employer under transitional arrangements that applied until 30 June 2012
contributions paid by your employer from your before-tax income (including the compulsory super guarantee and salary sacrifice amounts)
First Home Super Saver (FHSS) amounts that you have recontributed to your super fund(s)
contributions to
a Commonwealth public sector super scheme in which you have a defined benefit interest
a super fund that would not include the contribution in their assessable income, such as an untaxed fund or a constitutionally protected fund (CPF)
other super funds or contributions specified in the regulations
contributions made from 1 July 2018 to a super fund that are identified as downsizer contributions
re-contribution of COVID-19 early release of superannuation amounts.
https://www.ato.gov.au/individua ... uper-contributions/ |
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