This episode is about claiming a tax deduction for your personal superannuation contribution on your income tax return and the hidden trap if the relevant paperwork has not been completed, lodged and acknowledged as being received by your superannuation fund.
 
In such cases, there is simply no way to claim the personal contribution as a deduction. 
 
The tax law doesn&#39;t provide any discretion to the ATO or the fund in this situation.


 

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TCC 12 - Working ON your business NOT in it

The Chasers Channel is for small business owners who are 'chasing the dream'! Each episode provides tips, ideas, and strategies for small business success. We bring you weekly insights, business ideas, tax tips and inspiration. Each month we’ll be speaking with some of the brightest minds in business across the world with a guest speaker, we'll explore the challenges and triumphs of entrepreneurs who are pursuing their passions and building successful businesses. Whether you're just starting or looking to take your business to the next level, this podcast is for you.