Sentences with phrase «superannuation contribution deduction»
A certain type of super fund whose members are ineligible to claim a personal superannuation contribution deduction.
https://www.ato.gov.au/
Another key change is that individual clients also have new opportunities to make concessional contributions to their super with the changes to how personal superannuation contributions deductions (PSCD) operates.
Not exact matches
As a guide, you or your business may be able to claim a tax deduction of up to $ 30,000 annually for contributions to your superannuation fund (or $ 35,000 annually if you are aged 50 or over).
Section 279D of the ITAA 1936 allowed a deduction to a superannuation fund which paid a death benefit to a dependant of the deceased member where the fund increased the benefit to the amount that would have been paid had there been no tax on contributions.
The insurance premium paid by the superannuation fund can be claimed by the fund as a deduction to reduce the 15 % tax on contributions and earnings.