I receive a lot of questions from readers seeking information about how the non-concessional (after-tax) super contributions rules work; in particular, how the bring-forward rule works. More recently I have received several emails from readers who have fallen foul of the bring-forward rules and … [Read more...]
Q: Does a co-contribution received after using up the total bring forward cap of $450,000 mean that an excess contribution has been made, or is the Government co-contribution excluded from the after-tax contribution cap? A: A superannuation co-contribution is a tax-free super contribution paid by … [Read more...]
Q: I salary sacrifice into my super. My super contribution for the month of June 2011 was not available to my super fund until July 2011. Will this contribution fall under the 2011 financial year limit or the 2012 financial year limit? The ATO has issued some information on the question that you … [Read more...]
Q: I understand the three-year bring-forward rule that allows you to contribute up to $450,000 in after-tax contributions. My question is: What date does the second three-year period start? For example, if I contributed $450,000 on 1 Dec 2010, does that mean I can contribute another $450,000 after 1 … [Read more...]
Q: I am 64 and want to take advantage of the bring-forward rules when making non-concessional contributions. I turn 65 sometime during the 2011/2012 financial year. There is a possibility that I will be able to dispose of a property during the financial years 2011/2012 or 2012/2013. My three related … [Read more...]
