Personal contributions to Australian Super.

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chrisjap
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Personal contributions to Australian Super.

Post by chrisjap »

Another pesky question here relating to the subject topic. Would anyone be familiar with the tax implications (as a tax resident here in Japan) on personal contributions to Australian Super?
Tkydon
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Re: Personal contributions to Australian Super.

Post by Tkydon »

You can claim a Tax Allowance in your Kakutei Shinkoku Return for overseas pension contributions.
:
:
This Guide to Japanese Taxes, English and Japanese Tai-Yaku 対訳, is now a little dated:

https://zaik.jp/books/472-4

The Publisher is not planning to publish an update for '23 Tax Season.
chrisjap
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Re: Personal contributions to Australian Super.

Post by chrisjap »

Thank you for your response. I will look into that option, although as I'm a low income earner, I'm not certain that it would be applicable.
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RetireJapan
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Re: Personal contributions to Australian Super.

Post by RetireJapan »

Tkydon wrote: Tue May 24, 2022 12:53 pm You can claim a Tax Allowance in your Kakutei Shinkoku Return for overseas pension contributions.
This is interesting. Would that also apply to UK voluntary contributions to the State Pension?
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Tkydon
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Re: Personal contributions to Australian Super.

Post by Tkydon »

:
:
This Guide to Japanese Taxes, English and Japanese Tai-Yaku 対訳, is now a little dated:

https://zaik.jp/books/472-4

The Publisher is not planning to publish an update for '23 Tax Season.
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RetireJapan
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Re: Personal contributions to Australian Super.

Post by RetireJapan »

Tkydon wrote: Wed May 25, 2022 2:27 am https://www.nta.go.jp/taxes/shiraberu/s ... df/050.pdf
See Page 28
p28 seems to be talking about Japanese pension and ancillary schemes (iDeCo, small business savings scheme). No mention of overseas pensions, unless I am missing something?
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TBS

Re: Personal contributions to Australian Super.

Post by TBS »

Tkydon wrote: Tue May 24, 2022 12:53 pm You can claim a Tax Allowance in your Kakutei Shinkoku Return for overseas pension contributions.
Tkydon wrote: Wed May 25, 2022 2:27 am https://www.nta.go.jp/taxes/shiraberu/s ... df/050.pdf

See Page 28
Do you have a Japanese reference for this?

This article suggests you can only deduct France's social insurance premiums. Also tallies with the relevant Q&A page on NTA's website and the subject page it links to.
Tkydon
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Re: Personal contributions to Australian Super.

Post by Tkydon »

I'll look.

Why would France be 'special'?
:
:
This Guide to Japanese Taxes, English and Japanese Tai-Yaku 対訳, is now a little dated:

https://zaik.jp/books/472-4

The Publisher is not planning to publish an update for '23 Tax Season.
TBS

Re: Personal contributions to Australian Super.

Post by TBS »

Tkydon wrote: Wed May 25, 2022 4:52 am I'll look.

Why would France be 'special'?
According to the links, foreign countries need to have concluded the pertinent tax treaty on this with Japan, and currently only France has done so.
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