Reportable superannuation contributions, for an individual and an income year, means the sum of:
Reportable employer superannuation contributions are those contributions an employer makes for an employee where all of the following apply:
Superannuation contributions that an employer must make to an employee may be known as superannuation guarantee or mandated contributions. These contributions are not considered to be reportable employer superannuation contributions.
Example: A common example of a reportable employer superannuation contribution is a contribution an employer makes on behalf of an employee to a superannuation fund under a salary sacrifice arrangement.
Reportable superannuation contributions also include any personal contributions made to a superannuation fund for which an income tax deduction is claimed on an individual's tax return.
Personal deductible superannuation contributions will be added to any reportable employer superannuation contributions reported on the tax return. The total will form the reportable superannuation contribution amount.
Act reference: Income Tax Assessment Act 1997 subsection 995-1(1)
Policy reference: FA Guide 3.2.9 Reportable Superannuation Contributions
Last reviewed: 1 October 2010