What is a work test declaration?

The work test applies if you are aged 67 to 74 and want to claim a tax deduction for a personal super contribution.

 

To meet the work test, you must be gainfully employed for at least 40 hours within a consecutive 30‑day period in the financial year the contribution is made.

 

Gainfully employed means working for income or reward, including self‑employment.

 

Unpaid work or passive income (such as interest, dividends or rent) does not meet the work test.

 

For full details, refer to the Defence Bank Super Assured Retirement Savings Account Product Disclosure Statement (PDS) and Australian Taxation Office for guidance.