A super guide to the bring-forward rule
Using the bring-forward rule is a great way to put a larger contribution into your super account in a single year. Here’s what you need to know about the rules.
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There are essentially two types of super contributions you can make:
Concessional contributions are made from before-tax income and are taxed at 15% in your super fund. Common examples of concessional contributions include:
Non-concessional contributions are made from after-tax income and are not taxed in your super fund. Common examples of non-concessional contributions include:
There are annual caps (limits) on the amount of concessional and non-concessional contributions you can make. If you exceed these limits, you’ll be liable to pay extra tax.
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