Re-contribution of Covid-19 early release super amounts
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Individuals can now re-contribute amounts they withdrew under the COVID-19 early release of super program without them counting towards their non-concessional contributions cap. These contributions can be made between 1 July 2021 and 30 June 2030.
COVID-19 re-contribution amounts are not a new type of contribution. They are a personal contribution that we will exclude from an individual’s non-concessional contribution cap.
Individuals can make COVID-19 re-contribution amounts to any fund of their choice where the fund rules allow.
What you need to do
Individuals can use the approved form to make a COVID-19 re-contribution. You can choose to design your own Notice of re-contribution of COVID-19 early release amounts approved form for your members, as outlined in the CRT Alert 008/2021.
Once you receive a completed approved form from your member you need to:
- Check the COVID-19 re-contribution amount, an amount cannot be accepted where it exceeds $20,000. You may wish to confirm with your member if the correct figure has been provided.
- Provide ATO with the information from the approved forms you have received on a monthly basis – you are not required to provide nil lodgement reports.
There is no change for you when accepting and reporting personal contribution amounts that a member is treating as a COVID-19 re-contribution.
Information to record and send to ATO
The ATO require you to capture the following information from the Notice of re-contribution of COVID-19 early release amounts approved form.
| Table: Information to record and send to ATO | ||||
| Field | Data type | Length | Mandatory | Validation |
| Member’s TFN | Integer | 9 | Y | TFN algorithm |
| Family Name | String | 38 | Y | – |
| First Given Name | String | 38 | Y | – |
| Other Given Names | String | 38 | N | – |
| Contributor’s Date of Birth | String | 8 | Y | DDMMYYYY |
| Member account number | String | 16 | Y | – |
| Unique Superannuation Identifier (USI) | String | 14 | Y | – |
| Date of Contribution | String | 8 | N | DDMMYYYY |
| Contribution Amount | Decimal | 5, 2 | Y | 0.01 to 20000.00 |
| Declaration Signed | String | 3 | Y | Response must = Yes Validation fails if declaration is not signed |
| Date of Declaration | String | 8 | Y | DDMMYYYY |
| Date Declaration Received | String | 8 | Y | DDMMYYYY |
How to send information to ATO
The ATO is developing the functionality for you to use the bulk data exchange facility via Online services for business. Until this is in place, the ATO need you to record and hold this information.
The ATO will update this page to advise you on how to provide the information to them once the functionality has been developed.
If you have any questions, feel free to ask them in the comment section. We will be happy to answer all your queries.
