• Deduction limits based on age

    Up to the 2006–07 income year, super contributions were deductible for income tax purposes in the year you made them, up to certain amounts called the age based limits. The following limits apply to:

    • employers and their associates claiming deductions for contributions made for the benefit of an employee
    • individuals claiming a deduction for personal super contributions.
    Table 25: Age based limits

    Income year

    Under age 35

    Age 35 to 49

    Age 50 to 70

    2006–07

    $15,260

    $42,385

    $105,113

    2005–06

    $14,603

    $40,560

    $100,587

    2004–05

    $13,934

    $38,702

    $95,980

    2003–04

    $13,233

    $36,754

    $91,149

    2002–03

    $12,651

    $35,138

    $87,141

    2001–02

    $11,912

    $33,086

    $82,053

    2000–01

    $11,388

    $31,631

    $78,445

    1999–2000

    $10,929

    $30,356

    $75,283

    1998–99

    $10,600

    $29,443

    $73,019

    1997–98

    $10,232

    $28,420

    $70,482

    1996–97

    $9,782

    $27,170

    $67,382

    1995–96

    $9,405

    $26,125

    $64,790

    1994–95

    $9,000

    $25,000

    $62,000

    Deductibility could only be considered where the contribution was paid on or before the 28th day of the month following the month in which the relevant person turned 70 years of age. ‘Age’ is the person’s age at the date the last contribution was made for them for the year.

    Contributions paid in any year, after 30 June but before the super guarantee contribution deadline (28 July) for the quarter ending 30 June, cannot be claimed as a deduction until the end of the next financial year. For example, super contributions made on 30 June 2005 can be claimed as a deduction in the 2004–05 year. Contributions made on 28 July 2005 can be claimed as a deduction in the 2005–06 year.

    Last modified: 22 Sep 2017QC 18123