Notice of intent. Fact sheet and form. What this fact sheet covers. Who is this fact sheet for? When should I complete a notice of intent?

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1 Fact sheet and form Notice of intent A notice of intent to claim or vary a deduction for personal super contributions (notice of intent) allows you to claim a tax deduction for your personal super contributions, or vary a previous valid notice of intent. What this fact sheet covers Who should complete a notice of intent When should you complete a notice of intent Eligibility criteria How to change an amount previously included on a valid notice How to claim a deduction after a partial rollover or withdrawal When should I complete a notice of intent? You must lodge a notice of intent to claim a deduction for the personal super contributions you have made to UniSuper on or before whichever of the following occurs earliest: the day you lodge your income tax return for the financial year in which the contributions were made; or the last day of the financial year (30 June) after the financial year in which you made the contributions. You can apply to vary a previous valid notice of intent if: you re yet to lodge your income tax return for the year in which the contribution was made and it s on or before 30 June in the financial year following the year you made the contribution the Australian Taxation Office (ATO) has disallowed your claim for a deduction and you re applying to reduce the amount claimed as a deduction by the amount that was disallowed. You must either make your contribution to your account before you send us your notice of intent or send us your contribution with your Notice of intent form. To claim a deduction for your contribution, you must provide UniSuper with a valid Notice of intent form on or before the day you lodge your income tax return for the year in which contributions were made (or the end of the next financial year, whichever occurs first), and we must have given you an acknowledgment of our receipt of your notice. Who is this fact sheet for? You should complete a notice of intent if you: intend to claim a tax deduction for your personal super contributions would like to vary a previous valid notice of intent. When deciding whether to claim a deduction for super contributions, you should consider whether the impact of Division 293 tax applies to you, whether you split your contributions with your spouse, whether you ll exceed your contribution caps and/or your super co-contribution eligibility. For more information, refer to Will I be eligible for a deduction? You can claim a deduction for your personal super contributions if all of the following apply: you re an existing member of UniSuper when we receive your completed Notice of intent form on time at the time you give us your notice, we have not begun to pay an income stream (for example, a pension) based on part or all of the contributions for which you intend to claim a deduction you ve received acknowledgment from UniSuper of your intention to claim a deduction UniSuper has accepted your contribution for which you want to claim a deduction the amount you intend to claim as a deduction is covered by one or more valid notices you ve not applied to split the contribution for which you intend to claim a deduction you meet the other eligibility criteria to claim a deduction. This can be found by visiting the ATO website, and searching for Claiming deductions for personal super contributions you ve not withdrawn an amount or rolled out to another fund all or part of the contribution for which you want to claim a deduction (conditions apply). See Claiming a deduction after a partial rollover or withdrawal below. unisuper.com.au

2 Are you a Defined Benefit Division (DBD) member? From 1 July 2017, DBD members are eligible to claim deductions on their accumulation component only. DBD members currently won t be able to make a tax deduction claim for contributions made into the defined benefit component for the financial year due to the complex nature of defined benefits. We ve applied to the ATO for this exemption and will let DBD members know when this facility becomes available. How do I change an amount previously included on a valid notice of intent? If you wish to increase the amount that you want to claim as a deduction, you can do so provided you re still within the time limits specified above for lodgement of the notice of intent. However, you re not required to lodge a variation to the first notice. Instead, you ll need to send us a second Notice of intent form specifying the additional amount you wish to claim. In Section 3 of the Notice of intent form, Is this varying an earlier notice?, place an X in the No box. Example of increasing a personal super contribution deduction claim John makes a contribution of $20,000 and lodges a notice with us to claim a deduction for $15,000. Later (but within the set timeframes) he decides to increase his deduction to $18,000. John must send us another notice, advising that he now also intends to claim an additional $3,000 as a deduction. We ll now have two valid notices one for $15,000 and one for $3,000. John should receive two acknowledgment notices from us. If you wish to reduce the amount you intend to claim as a deduction, you ll need to lodge a variation to your original notice of intent sent to us. The variation does not alter a previous notice; instead, it is a new notice, which replaces a previous valid notice and shows the amount of the contributions which you now want to claim as a tax deduction. In Section 3 of the Notice of intent form, Is this varying an earlier notice?, place an X in the Yes box. Example of reducing the claim amount of a previous valid notice Sarah makes a contribution of $50,000 and lodges a notice with UniSuper to claim a deduction for $50,000. Later she decides to reduce her deduction to $30,000. She must send us another notice of intent to claim or vary a deduction for personal super contributions, advising that $30,000 is the amount she now intends to claim as a tax deduction. In Section 3 of the Notice of intent form, Is this varying an earlier notice?, Sarah places an X in the Yes box. You can t vary a previous valid notice if: we no longer hold the contribution covered by that previous valid notice you re no longer a UniSuper member the trustee has commenced paying an income stream (for example, a pension) based on all or part of the contribution covered by the previous valid notice. Claiming a deduction after we ve processed a partial rollover or withdrawal Special rules apply if you made a withdrawal or rolled over part of your super during the year. We ll no longer hold a contribution, or at least a part of it, if you ve chosen to rollover or withdraw some or all of your super from UniSuper. In such a case, a deduction notice cannot be given for the entire contribution. A valid deduction notice will be limited to a proportion of the tax-free component of the super account that remains after the rollover or withdrawal. That proportion is the value of the relevant contribution divided by the tax-free component of the super account immediately before the rollover or withdrawal (see example on the next page). Where you ve made a partial rollover or withdrawal and you don t know the tax free component and value of your super interest immediately before your rollover or withdrawal, we may be able to confirm these amounts for you. Alternatively, you may need to seek independent financial advice to assist you to calculate the maximum deduction amount, to ensure you lodge a valid notice of intent. If you send a notice indicating that you intend to claim more than the tax-free component of what remains in your super account, that notice will be invalid. LODGING YOUR NOTICE If you send us an invalid notice, we won t be able to acknowledge it - you ll need to lodge a new valid notice. Once we receive your valid notice, we ll send you an acknowledgment which will enable you to claim a deduction for your contribution. unisuper.com.au

3 Example of a valid notice of intention to deduct with a partial rollover Rachel, who is 54, has a super interest (that is, account balance) of $50,000. This interest includes tax-free contributions of $10,000. She makes a $100,000 personal contribution in March 2017, which is held by us as a tax free component of any super benefit paid to Rachel. The value of her super interest is $150,000, with a tax-free component of $110,000. In June 2017, Rachel rolls over $60,000 to another fund, leaving her with interest of $90,000. The $60,000 rollover comprises a $44,000 tax-free component and a $16,000 taxable component. The taxfree component of the rollover is worked out as follows: $60,000 Rollover amount After the rollover, Rachel has a $90,000 super interest remaining. The tax-free component of that remaining super interest is $66,000 (that is, $90,000 x $110,000/$150,000). Rachel then lodges a Notice of intent form in September 2017 advising that she intends to claim a deduction for the $100,000 contribution made in That notice is not valid. This is because we no longer hold the entire $100,000 contribution on Rachel s behalf. Rachel could give a valid deduction notice for an amount up to $60,000. That amount is worked out as follows: $66,000 Tax-free component of remaining interest x x Tax-free component of interest before rollover $110,000 $150,000 Value of super interest before rollover Contribution $100,000 $110,000 Tax-free component of interest before rollover = = $44,000 $60,000 How do I complete this notice? SECTION 1: MEMBER DETAILS Provide the following personal details so we can identify you: name date of birth residential address postal address day time phone number (including the area code). SECTION 2: TFN You don t have to provide your TFN to us. However, if we don t have your TFN, we may not be able to accept your contributions. SECTION 3: CONTRIBUTION DETAILS Provide the financial year in which you ve made the personal contribution to UniSuper. Provide the amount of the personal contributions you ve made that are covered by this notice. If you ve made more than one contribution in the year, this amount does not have to cover every contribution. However, you should not include any amounts covered by a previous valid notice for the year unless you are varying the amount to be deducted. WHEN TO MAKE YOUR CONTRIBUTION You must either make your contribution to UniSuper before you give your notice of intent, or send your contribution to us with your notice of intent. Show the amount of the contributions you re eligible to claim as a tax deduction. If you re varying the amount covered by a previous valid notice, the amount cannot be greater than the amount recorded on the original notice. If you re making a variation to an earlier valid notice to reduce the amount you intend to deduct, place an X in the Yes box; otherwise, place an X in the No box. For more information on how to deal with deductions involving multiple partial rollovers, and the special rules which apply if you commence an income stream, refer to unisuper.com.au

4 SECTION 4: DECLARATION For more information about deductions for personal super contributions and the criteria you must meet to be eligible, go to and search for Claiming deductions for personal super contributions. There are two declarations. Read the declaration that applies to you. If it is correct, print your full name, then sign and date the declaration. Your two choices are: Intention to claim a tax deduction declaration complete this declaration if you ve not previously notified us that you re intending to claim a tax deduction for the personal contributions you ve listed in this notice Variation of previous valid deduction notice declaration complete this declaration if you wish to vary a previous valid notice of intent. You can only vary a previous valid notice of intent to reduce the amount you are claiming as a personal deduction. How do I claim a deduction? Send your completed notice to us at: UniSuper Level 1, 385 Bourke St, Melbourne Vic 3000 or enquiry@unisuper.com.au. What happens next? We ll give you an acknowledgment of a valid notice. Once your notice of intent to claim a deduction has been acknowledged, you cannot revoke or withdraw it, but you can apply to reduce it. LODGING YOUR VALID NOTICE OF INTENT To claim a deduction for your contribution, you must give us a valid notice of your intent to claim a deduction, in the approved form, on or before the day you lodge your income tax return for the year in which the contribution was made (or the end of the next income year, whichever occurs first), and we must have given you acknowledgment of the receipt of the notice. Once you have lodged your tax return, you cannot apply to vary the amount you re claiming as a personal deduction, unless the ATO has disallowed your claim for the deduction. If this Notice of intent form is not completed properly, and you ve not submitted a Voluntary Lump Sum form, it will need to be returned to you. No action can be taken by UniSuper until we receive the correct information from you. Effect on your super benefits Please don t hesitate to call us on or visit unisuper.com.au for more information on personal super contributions and claiming tax deductions. When you lodge a valid notice, which is acknowledged by UniSuper, your personal contributions covered by the notice will be counted as concessional contributions. You should, therefore, keep in mind that the concessional contributions cap for the relevant financial year. Please note that contributions which exceed the relevant cap may be subject to additional tax penalties. For more information, please refer to the concessional contributions cap fact sheet relevant to you, available from unisuper.com.au. This information is of a general nature only and includes general advice. It has been prepared without taking into account your individual objectives, financial situation or needs. Before making any decision in relation to your UniSuper membership, you should consider your personal circumstances, the relevant product disclosure statement for your membership category and whether to consult a licensed financial adviser. This information is current as at July 2017 and is based on our understanding of legislation at that date. Information is subject to change. To the extent that this fact sheet contains information which is inconsistent with the UniSuper Trust Deed and Regulations (together the Trust Deed), the Trust Deed will prevail. Issued by: UniSuper Management Pty Ltd ABN , AFSL No on behalf of UniSuper Limited the trustee of UniSuper, Level 1, 385 Bourke Street, Melbourne Vic Fund: UniSuper, ABN Trustee: UniSuper Limited, ABN AFSL No Date: July 2017 UNIS00F unisuper.com.au

5 Notice of intent to claim or vary a tax deduction for personal super contributions AVOID PROCESSING DELAYS We make important changes to our forms at times. Check you re using the latest version by comparing the issue date at the bottom of this page with the version at unisuper.com.au/forms. IN CONFIDENCE WHEN COMPLETED Complete this notice if you intend to claim a tax deduction for personal contributions made to UniSuper or want to vary a previous notice you sent to UniSuper. Important information The Notice of intent fact sheet at the front of this form contains important information about completing this notice. Please refer to it for more information on how to complete this notice. Privacy statement We recognise the importance of protecting your personal information and are committed to complying with our privacy law obligations. We collect your personal information to administer your account, ensure you re eligible for insurance cover, provide you with UniSuper membership benefits, services and products, verify your identity and improve our products and services. You consent to our collecting sensitive information about you, where collecting that information is reasonably necessary for us to perform one or more of our functions or activities. We usually collect personal and sensitive information directly from you, however, it may also be collected from third parties, such as your employer. We may also collect this information from you because we re required or authorised by or under an Australian law or a court/ tribunal order to collect that information. If you don t provide this information, we may not be able to administer your account, provide you with a product or service or you may be disadvantaged in some other way. We may disclose your information to any service provider we engage (for example mail-houses, auditors, insurers, actuaries, lawyers and research consultants) to carry out or help us provide your membership benefits, services and products. This includes overseas entities. The countries we may disclose personal information to are Japan, Canada and the United States of America. Where information is transferred overseas, we ll seek to ensure the recipient of the data has security systems to prevent misuse, loss or unauthorised disclosure in line with Australian laws and standards. Our Privacy Policy contains information about how you can access any personal information we hold, how to correct your information and how to make a complaint about a breach of the Privacy Act. It s available at unisuper.com.au or by calling us on SECTION 1A Attachments Are you attaching a cheque with this application? Yes No SECTION 1B Member details Please use BLACK or BLUE BALL POINT PEN and print in CAPITAL LETTERS. Cross where required All fields in Section 1B are mandatory. Please ensure you complete all fields. UniSuper member number If you re unsure of your member number, refer to your most recent UniSuper correspondence or call us on Title Mr Mrs Ms Dr Professor Other Surname Given name Date of birth (DDMMYYYY) Contact number ( ) Residential address, number and street (not PO Box) Suburb/Town State Postcode Country (if not Australia) Fund: UniSuper ABN Trustee: UniSuper Limited ABN AFSL Administrator: UniSuper Management Pty Ltd ABN AFSL Address: Level 1, 385 Bourke Street, Melbourne Vic 3000 Issue date: November 2017 UNISF

6 IN CONFIDENCE WHEN COMPLETED SECTION 1B Continued Is your postal address different from your residential address? No. Go to SECTION 2. Yes. Please provide your postal address below. Suburb/Town State SECTION 2 Tax file number Postcode Country (if not Australia) Please provide your tax file number below. Your tax file number Please read the important information about providing your tax file number at unisuper.com.au/tfn. You can also request a copy of that information, free of charge, by calling SECTION 3 Contribution details In signing one of the declarations on this form, you should be aware that the law has changed to expand the administrative penalty provisions to include penalties for making false and misleading statements that do not result in a shortfall amount. This may include making false or misleading statements to an entity other than the ATO if the statement is required or allowed to be made under tax law, for example, a notice of intent to deduct super contributions given to a super fund. For more information about these penalties, refer to Superannuation and false or misleading statements which do not result in a shortfall amount at Please ensure you select one option only. Personal contribution details Is this notice varying an earlier notice? No. Go to Section 4 to complete the Original notice to claim a tax deduction section and Declaration option 1. Yes. Go to Section 5 to complete the Variation of previous valid Notice of Intent section and Declaration option 2. SECTION 4 Original notice to claim a tax deduction (option 1) Complete this section to claim a tax deduction for personal contributions you have made to UniSuper. Financial year ended 30 / 06 / 20 My personal contributions to UniSuper in the above financial year: The amount of these personal contributions I will be claiming as a tax deduction: Page 2 of 4

7 IN CONFIDENCE WHEN COMPLETED SECTION 4 Continued This declaration is for members who have not previously lodged a valid notice for these contributions. Declaration option 1 Intention to claim a tax deduction I declare that I am lodging this notice at the earlier of either: before the end of the day that I lodged my income tax return for the financial year in which the personal contributions covered by this notice were made as stated in this section (Section 4); or before the end of the financial year following the year in which the contribution was made stated in this section (Section 4). I declare at the time of lodging this notice: I intend to claim the personal contributions stated in this section (Section 4) as a tax deduction I am a member of UniSuper UniSuper currently holds these contributions and has not begun to pay a superannuation income stream based on or part of these contributions I have not included any of the contributions in an earlier valid notice I declare that the information given on this notice is correct and complete. Name (print in block letters) Member s signature Date (DDMMYYYY) SECTION 5 Variation of previous valid Notice of Intent (option 2) Complete this section if you ve already submitted a valid Notice of Intent and want to reduce the amount stated in that notice. Financial year ended 30 / 06 / 20 My personal contributions to UniSuper in the above financial year: The amount of these personal contributions claimed in my original Notice of Intent: The amount of these personal contributions I will now be claiming as a tax deduction: SECTION 5 Continued This declaration is for members who have already lodged a valid notice for these contributions and wish to reduce the amount stated in that notice. Declaration option 2 Variation of previous valid deduction notice: I declare that at the time of lodging this notice: I intend to claim the personal contributions stated in this section (Section 5) as a tax deduction I am a member of UniSuper UniSuper currently holds these contributions and has not begun to pay a superannuation income stream based on all or part of these contributions I declare that I wish to vary my previous valid notice for these contributions by reducing the amount I advised in my previous notice and I confirm that either: I have lodged my income tax return from the financial year in which the contribution was made, prior to the end of the following financial year, and this variation notice is being lodged before the end of the day on which the return was lodged; or I have not yet lodged my income tax return for the relevant financial year and this variation notice is being lodged on or before 30 June in the financial year following the one you made the contributions (whichever is earlier); or The ATO has disallowed my claim for a deduction for the relevant financial year and this notice reduces the amount stated in my previous valid notice by the amount that has been disallowed. I declare that the information given on this notice is correct and complete. Name (print in block letters) Member s signature Date (DDMMYYYY) SEND YOUR FORM TO: UniSuper Level 1, 385 Bourke Street Melbourne VIC 3000 or enquiry@unisuper.com.au NEED HELP? For more information: enquiry@unisuper.com.au, or AAcall Page 3 of 4

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