• Back
  • Print

Boost your super with a tax deductible personal contribution

Making a personal tax contribution is a great way to give your super investment a boost and reduce your tax bill at the same time.

How does it work?

If you make a personal super contribution to your account and notify us that you intend to claim a tax deduction, the amount of that contribution can be deducted from your assessable income, reducing your personal tax bill for the current financial year.

How much can you contribute?

There is an annual cap of $25,000 on pre-tax or concessional personal contributions and this amount includes any super contributions paid by your employer plus any other tax-deductible personal contributions you make to your super account.

If you have more than one super account, this annual cap applies to all the concessional contributions made to any of your accounts.

So there is a limit to the amount you can contribute and still claim a tax deduction on for the current financial year. This amount will depend on your level of income and if you have made any concessional contributions to your super account this financial year, including any salary sacrifice contributions.

Estimate how much you can contribute in personal concessional contributions this financial year.

  Enter your total income to find out approximately how much you will be able to salary sacrifice each financial year:

3. These figures are estimates based on current tax rates and the compulsory SG contribution rate.

If you’re unsure about how much you can contribute this financial year, call us on 1300 LGSUPER (1300 547 873) between 8.30am and 5.00pm, Monday to Friday.

What steps do you need to take?

To be eligible to claim the tax deduction you must complete all of the following steps:

  1. Check how much you can contribute to your super fund by using our calculator or by calling us on 1300 LGSUPER (1300 547 873).
  2. Print and complete the Notice of intent to claim or vary a deduction for personal super contributions (NAT 71121) and email or mail it to us.
  3. Make the contribution to your super account by the end of the financial year via BPay or Electronic Funds Transfer (EFT).
  4. Ensure you receive a written confirmation of your intention to claim from us.
  5. Complete the section in your income tax return for personal superannuation contributions.

It’s important that you have received written confirmation from us before you complete your tax return.

For more detailed information, see how to make a claim on the ATO website.

Making your contribution

You can make a contribution into your super account via BPAY or EFT. For more information, simply log in to Member Online and go to ‘Payment options’.

Email or mail to us

To send us your completed ATO form, please mail to:

Local Government Super
Po Box N835
GROSVENOR PLACE NSW 1220

You can also email your form to admin@lgsuper.com.au

Need some help?

If you are intending to make a large contribution to your super, it may be beneficial to get some financial advice first.

If you would like to know more details or if you’d like us to guide you through the process, just call us on 1300 LGSUPER (1300 547 873) between 8.30am and 5.00pm, Monday to Friday.