Can I claim a tax deduction for the super I’ve paid?
Generally, super contributions made by employers are tax deductible in the financial year you pay them. However, you cannot claim a tax deduction for the Super Guarantee Charge (as this is the penalty imposed if you fail to meet your super obligations). If you are self-employed, only contributions for which you have not claimed a tax deduction are eligible for the Government Co-Contribution.
Related Questions
- What is needed from an attorney or claim adjuster to release the amount medicaid paid for medical treatment to a beneficiary who was involved in a vehicular accident?
- I’ve paid off my auto loan, but the former lienholder still shows on the claim I just reported. What should I do?
- Can I claim a tax deduction for the super I’ve paid?
