Supercharge Your Savings: The How-To Guide on Claiming Personal Super Contributions



As you steer through the journey of financial planning, a common pit-stop is considering superannuation. While employer contributions to your super are the norm, what if we told you there’s a way to accelerate your savings and relish tax benefits simultaneously? Enter: personal superannuation contributions.

Understanding Personal Super Contributions:

Unlike the traditional path of employer contributions or pre-tax contributions via salary sacrifices, personal super contributions come from your after-tax income. These are fondly termed as non-concessional contributions. Wondering how to go about it? Here’s the scoop:

  • Direct BPAY Transfers: Using BPAY, you can effortlessly transfer funds directly from your bank account to your super fund. Just keep your super fund details handy.
  • Engage Your Employer: Discuss personal super contributions with your employer. This conversation can be much like broaching a salary sacrifice agreement.

Remember the golden rule: if you’re eyeing a tax deduction, ensure these contributions spring from your after-tax income.

Claiming Your Contributions: A Step-by-Step Guide:

  1. Time It Right: Endeavor to make contributions well before the financial year-end (30 June) so they reflect in your super fund in a timely manner.
  2. Declare Your Intent: Once you’re confident your contributions have landed safely in your super account, notify your super fund of your intention to claim these contributions as deductions. The magic tool for this is the ‘notice of intent to claim or vary a deduction for personal super contributions’ form.
  3. Wait For the Green Signal: Your super fund will validate your claims and shoot back a confirmation. They’ll also give a heads-up to the ATO.
  4. Final Lap: With all systems go, simply jot down this deduction in your tax return. Voila! You’re all set.

Mind the Cap!:

A quick heads up – there’s a limit to how much you can contribute before you’re slapped with a higher tax rate. For the fiscal year 2022-2023, this threshold stands at $27,500. This ceiling considers:

  • Employer’s standard contributions
  • Pre-tax contributions from salary sacrifices
  • The after-tax contributions you’re claiming as deductions

Real-world Snapshot: Andy’s Smart Move:

Let’s join Andy, a construction project manager earning $200,000 annually. With his employer’s contribution at $21,000 and a modest weekly salary sacrifice of $25, he’s already touched $22,300 in contributions.

With a clear window of $5,200 before hitting the cap, Andy smartly routes $5,000 from his post-tax pay into his super fund. A swift BPAY transfer, an intent notice, and he’s primed to enjoy tax perks on his personal contributions.


Harnessing the power of personal super contributions is akin to giving your future self a financial high-five. Not only do you bolster your retirement nest egg, but you also tap into valuable tax breaks. So, next tax season, remember: it’s not just about saving; it’s about supercharging your savings!

Note: Financial terrains can be tricky. Always ensure you liaise with a financial advisor or expert to tailor the best strategy for you.


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