SuperGuide

Superannuation and retirement planning information

Q&A: Can non-concessional contributions be made if the Transfer Balance Cap has been reached?

Q&A: Can non-concessional contributions be made if the Transfer Balance Cap has been reached?

Q: Can non-concessional contributions be made if the Transfer Balance Cap has been reached?

A: If you have previously reached your full transfer balance cap, but now you are well below the $1.9 million cap, can you undertake the bring forward rule and make a non-concessional contribution of $360,000?

About the author

Garth McNally

Garth has worked in the Australian Superannuation industry for over 20 years with a specific focus on self-managed super funds. He provides ongoing support and training to individuals as well as to professionals working in the superannuation area, including advisers, accountants and lawyers. He is a regular contributor to industry publications and to the leading professional bodies including Chartered Accountants Australia & New Zealand (CA ANZ).

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