The Chasers Channel

TCC 11- Claiming Personal Superannuation contributions - The Hidden Trap!

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This episode is about claiming a tax deduction for your personal superannuation contribution on your income tax return and the hidden trap if the relevant paperwork has not been completed, lodged and acknowledged as being received by your superannuation fund.

In such cases, there is simply no way to claim the personal contribution as a deduction.

The tax law doesn’t provide any discretion to the ATO or the fund in this situation.