Completing a notice of intent form:
What you need to know

A notice of intent (NOI) to claim form is your way of telling your super fund you want to claim a tax deduction for personal super contributions. It's an important step to make sure those contributions are taxed at the super rate of 15%. 

By submitting this form, you ensure we're aware of your intentions and can prepare for the next steps.

You should submit your NOI on or before whichever comes first:

• the day you lodge your income tax return for the year. 
• June 30 of the income year in which you made the contributions.

When an employer makes a contribution on your behalf, or you make a personal contribution that you claim a tax deduction for, it’s taxed at 15% instead of your marginal tax rate. 

If you earn $37,000 or less per year, the government may make a contribution to your super account of up to $500 to offset the tax. 

If your income and before-tax contributions are more than $250,000 per year, you may have to pay an additional 15% tax on some or all of these contributions.

When you make personal contributions that you don’t claim a tax deduction for, or your spouse makes a contribution for you, contributions tax doesn’t apply. This is because you or your spouse have already paid income tax on that money. 

Earnings on your accumulation (pre-retirement) super balance are also concessionally taxed at a maximum of 15%. And if you start an income stream in super after retirement, earnings on that balance are not taxed at all. 

Once you can access your super (e.g. at retirement), if you are aged 60 or over you can generally withdraw your super tax-free – either as a lump sum or an ongoing income stream.

How is my super taxed?