July 2025 | Newsletter 25
As we approach the end of the financial year, it’s important to ensure you’ve ticked all the right boxes—especially when it comes to your superannuation. If you’ve made a personal contribution to your super fund during the current financial year, you may be eligible to claim a tax deduction—but it’s not automatic.
What You Need to Know:
Making personal (after-tax) contributions to super is a great way to boost your retirement savings, and claiming a tax deduction on those contributions can help reduce your taxable income.
Why It Matters
If you forget to lodge the form, you won’t be able to claim the deduction—meaning you could miss out on a valuable tax benefit.