Definitions for "Maximum Deductible Contribution"
The maximum amount a person is permitted to pay into a superannuation scheme from his or her personal income. This contribution is indexed annually to average weekly ordinary time earnings ( AWOTE).
the maximum amount per annum which can be contributed into a superannuation fund for a person, and for which a tax deduction is allowed. The limit is dependent on the person's age and the tax deduction is only available to employers and substantially self employed persons.
the maximum amount per annum allowed to be contributed into a superannuation fund for which a tax deduction is allowed. The limit is dependent on your age.