1. Personal Super Contributions:
   • You can boost your super by adding your own personal contributions directly to your super fund.
   • If you claim a tax deduction for these contributions, they’re considered concessional contributions and come from your pre-tax income.
   • These contributions are taxed within the fund at a rate of 15%.
2. Growing Your Super:
   • Your superannuation investment grows through various means:
     • Employer’s compulsory super guarantee contributions (concessional contributions).
     • Voluntary contributions from your pre-tax income (e.g., salary sacrifice and personal contributions) that you’re allowed to claim as an income tax deduction (also concessional contributions).

Further information on claiming deductions for super contributions can be found at the ato website.

If you seek help from a tax professional, don’t hesitate to reach out to us today!