Contribution of Property Rent to Superannuation

[John Martin]

I am an Australian citizen with an investment property in New Zealand which is cash flow positive. I am also on a disability support pension which is assessed based upon an income and asset test. I wish to take advice regarding the placement of rents into superannuation to reduce the assessable income and thereby preserve my pension.

Can this strategy be done and if so, how? Some advice would be appreciated.

thanks

John

[marty998]

Short answer is no. Any contributions you make to super to reduce your taxable income will be added back to your Centrelink assessable income as "reportable superannuation contributions".

This is the same as for normal taxpayers who are subject to income tests such as the Medicare Levy Surcharge.

Basically, the government (rightly so) is trying to stop you from cheating the taxpayer when you have the means to more fully support yourself.