To claim a tax deduction for super for the 2015 year super expenses need to be physically paid before 30 June, 2015.
Often, owners are aware that they need to make super top ups for themselves before the end of the financial year but will make payments for other employees June quarter SCG (9.5% super) contributions sometime in July (before the 28 July deadline). However, when you pay the June quarter super in July, you will not receive the deduction until the end of the 2016 financial year.
To ensure you get the maximum tax deduction for your super expenses try and pay ALL June quarter requirements before 30Â June, 2015.
