PKF Australia

Accountants and Business Advisers

Tax Benefit From Super Contributions

Tax Benefit From Super Contributions

We have detailed below the tax savings that could be achieved by making an additional $1,000 in deductible superannuation contributions prior to 30 June 2019.

While making a contribution may save tax in your personal return there is additional income tax to pay for the superfund as detailed below – however, a net tax saving can still be achieved.

A few conditions apply:

  • All taxpayers have a maximum deductible contributions cap of $25,000 – this includes any contributions your employer has made on your behalf;
  • Those aged between 65 and 75 you must meet the work test – that is, be gainfully employed for at least 40 hours in a 30 day period during the year;
  • Those aged over 75 are unable to make additional contributions;
  • The funds need to be received by your super fund before 30 June 2019; and
  • You will need to lodge a notice with your super fund before you lodge your 2019 income tax return and claim the deduction.

Before making any contributions you should check what tax saving may apply in your situation, and consider the cashflow implications of making a contribution. Should you be unsure about whether making a contribution is right for you we recommend that you speak with your adviser.


Potential Tax Savings on $1,000 of Superannuation Contributions


Taxable Income

Less Than $18,200

$18,200 to $37,000

$37,000 to $90,000

$90,000 to $180, 000

$180,000 to $250,000

Over $250,000


Personal Tax Saving







Additional Superannuation Tax Payable








Net Tax Savings









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