ATO requiring acknowledged notice of intent for 2019 personal superannuation contribution deductions

The ATO has recently written to around 25,000 individuals, and their registered tax agents, who claimed a personal superannuation contribution deduction in their 2019 tax return, and details of an acknowledged notice of intent has not been reported by their fund via the Member Account Transaction Service.  

The letter encourages individuals, who do not have an acknowledged notice of intent, to lodge a notice of intent to claim or vary a deduction for personal superannuation contributions form with their fund before 30 June 2020.  

To assist clients to retain their deduction, the ATO will not review the timing of that acknowledged notice of intent provided they obtain an acknowledgement from their fund before 30 June 2020.