How to vary your notice of intent
You can vary your notice of intent to claim a deduction, but only to reduce the amount stated in the notice. You can vary the amount by reducing it, including to nil, but you cannot revoke or withdraw the notice.
If you want to increase the amount you intend to claim as a deduction, you do not give your fund a variation notice. Instead, you give a second notice specifying the additional amount you wish to claim. This second notice is subject to the due date for lodging.
To vary your notice of intent to claim a deduction, you may complete a Notice of intent to claim or vary a deduction for personal super contributions (NAT 71121) and give it to your fund.
Alternatively, you can use your fund's own form, or write to your fund. If you're writing a letter to your fund, you must include:
- the information that was in your original notice
- a statement that you wish to vary your previous notice to reduce the amount of personal contributions for which a tax deduction will be claimed
- the amount you now intend to claim (which may be nil).
Required date for varying your notice
You can vary a notice up until the due date for lodging a claim (see When to give your notice).
However, if the deduction you claimed is not allowable, in whole or in part, you can vary your notice after the required date to reduce the amount stated in the notice by the amount not allowable.
You cannot vary your notice of intent if:
- you are no longer a member of the fund or the holder of a retirement savings account, or
- the trustee
- no longer holds the contribution, or
- has begun to pay a super income stream based wholly or in part on the contribution.
Your fund will send you written acknowledgment after receiving your valid notice of intention to vary your deduction for personal super contributions.