This very issue was the subject of a recent private binding ruling (released 25 March 2024). The taxpayer had for a number of years made personal superannuation contributions for which the taxpayer claimed a tax deduction. The actual amount of each of these contributions was not provided in the published ruling.
super contributions
We need to support women to build superannuation, not deplete it
What can women do to help prepare for their own financial future? These are some quick tips women can consider helping build their future savings for retirement.
First Home Saver Scheme withdrawals from 1 July
The legislation to implement the First Home Saver Scheme, which permits individuals to withdraw (up to certain limits) the amount of their voluntary superannuation contributions plus associated earnings for the purpose of purchasing their first home, was enacted in December 2017 and will apply from 1 July 2018.
Newsflash: Chaos reigns over contributions, says lawyer
Chaos and confusion reign about contributions to SMSFs, says Caroline Harley, an Associate at Townsends Business & Corporate Lawyers.