Claim your tax deduction when you do your tax return. Return the form to virginsuper@mercer.com or upload the form in the Contact Us section in your online account no later than the day you lodge your 2024/25 financial year tax return, or by 30 June 2026 – whichever date comes first.2, 3, 4
Say you earn $50,000 and contribute $1,000 to your super.
Your taxable income drops to $49,000, so you pay less tax.
If your tax rate is 30%, you could get a tax saving of ~$300.
Your super fund only taxes this contribution at 15%, so more of your money stays invested for the future.
That’s extra money back in your pocket now-and more super for later.
Need help?
Not sure how to get the most out of your super? We've got your back. With e-advice, you can get personalised advice in under 10 minutes.5Login.
Important Information
1. Please be aware that there are annual limits on how much you can contribute into your superannuation. Find out more.
2. Please note that any information in this material regarding legal, accounting or tax outcomes does not constitute legal advice or an accounting or tax opinion and prior to relying and acting on this information it is important that you seek advice from a qualified lawyer or accountant regarding this information.
3. You may be eligible to claim a tax deduction on your next tax return for any personal super contributions. Learn about super contributions.
4. The Notice of Intent to claim or vary a deduction for personal super contributions form should be completed prior to any withdrawals or rollovers as this may reduce available deduction.
5. Virgin Money Super members have access to digital advice and support tools, as well as a Simple Super Advice service which provides intrafund or limited personal advice to customers at no extra cost. You may also seek comprehensive personal financial advice for your specific circumstances for a fee. Contact our Customer Care team on 1300 652 770 for more information.
This information is general advice and does not take into account your objectives, financial situation or needs. Before acting on this advice, please consider the Product Disclosure Statement and Target Market Determination available at virginmoney.com.au/super.
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