From 1 July 2017, your non-concessional cap is nil – for a financial year – if you have a total superannuation balance greater than or equal to the general transfer balance cap ($1.6 million) at the end of the previous financial year. In this case, if you make non-concessional contributions in that year, they will be excess non-concessional contributions.
From 1 July 2017 your total superannuation balance at the end of the previous financial year will determine:
- The non-concessional contributions cap you can bring forward and
- Whether you have a two-year or three-year bring-forward period.
09 May 2018
Superannuation rates and thresholds for 2018 financial year
The ATO has released the key superannuation rates and thresholds for 2018-19. The rates apply …
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