24 (Superannuation)[1]

Contribution must generally be made on or before the

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Contribution must generally be made on or before the  28th day after the end of the month in which the  employee turns 75 © CCH Australia Limited [¶24.7](c)
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Foundations of Taxation Law Personal contributions (Subdiv  Personal contributions (Subdiv  290-C ITAA97) 290-C ITAA97) Taxpayers may deduct contributions made to a  superannuation fund or RSA for the purpose of  providing superannuation benefits for themselves Deductions are available in the year that the  contributions are made Taxpayers must satisfy certain conditions © CCH Australia Limited [¶24.7](d)
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Foundations of Taxation Law Conditions for deduction of  Conditions for deduction of  personal contributions personal contributions Contributions must be made to a complying  superannuation fund or an RSA Less than 10% of the total of the person’s: assessable income reportable fringe benefits total, and reportable employer superannuation contributions must be attributable to their employment © CCH Australia Limited [¶24.7](e)
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Foundations of Taxation Law Conditions for deduction of  Conditions for deduction of  personal contributions (cont) personal contributions (cont) Contributions must be made on or before the 28th  day after the end of the month in which the person  turns 75 (if the person is under 18 at the end of the  income year, they must have derived income from  employment or from carrying on a business) Person must give a notice stating their intention to  claim a deduction to the trustee of the  superannuation fund or the RSA provider © CCH Australia Limited [¶24.7](f)
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Foundations of Taxation Law Spouse contributions (Subdiv  Spouse contributions (Subdiv  290-D ITAA97) 290-D ITAA97) Tax offset may be available for contributions made to  a complying superannuation fund for the benefit of  the person’s spouse Both the contributor and the spouse must be  residents at the time the contribution was made The total of the spouse’s:  assessable income  reportable fringe benefits total, and  reportable employer superannuation contributions must be less than $13,800 for the income year   © CCH Australia Limited [¶24.7](g)
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Foundations of Taxation Law Spouse contributions (cont) Spouse contributions (cont) Maximum tax offset available for an income year is  $540 Tax offset cannot exceed 18% of the lesser of:  $3,000 reduced by the amount by which the  spouse’s assessable income, reportable fringe  benefits total and reportable employer  superannuation contributions for the year exceeds  $10,800, and The sum of the spouse contributions for the year  © CCH Australia Limited [¶24.7](h)
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Foundations of Taxation Law Government co-contributions Government co-contributions
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